One of the great concerns we have as we are less than a week away from the November election is what effect will we see on state education revenues. I am often asked what my crystal ball shows when we talk about the potential effect of various revenue sources on school budgets. I believe it is important to take time to look at the factors that affect our long- term data points.
Let’s start with the oil breakevens by shale play. The first graph was produced in November 2017, and the second graph was produced in September 2018. The two graphs show an interesting phenomenon that we can probably expect to see manifest itself over the next ten years. What we see here is:
1. Three out of the five lowest cost production zones are located in Oklahoma.
2. It appears the cost of production is moving lower and doing so quickly.
3. Depth doesn’t appear to be as big an impediment to horizontal drilling activity.
The crew here at OPSRC is always searching for ways to help schools save on their expenses, an especially critical need right now.
“Digital Native.” This is a common term for the generation of students in your classrooms today and next fall.
Here are a couple of websites to make your Friday the 13th a little more fun...
Welcome back! The new calendar year is certain to bring thoughts of planning and preparation for the next school year. As educators, we always have to stay one step ahead and let the data guide us.