State revenue freefall likely to linger
June 4, 2020
The age of mineral wealth may be at an end for the State of Wyoming. The latest CREG report shows a severe drop in revenue over the next couple of years thanks to a huge decline in income from coal, oil and natural gas, and Senator Ogden Driskill warns that it may not be temporary.
“It’s going to be a very difficult two years – and it could be permanent. COVID-19 accelerated it and made it worse, but the real truth is that we were in a structural decline before it hit,” the senator says.
“Coal was already declining, oil and gas were doing alright but they weren’t wild, we had b...