Texas is also a bit of an odd duck due to it's oil. Like Alaska, Norway or Saudi Arabia. Their rainy day fund fills up every year with a % of proceeds from the sale of every barrel of oil produced in the state. When prices get high, Texas has fewer budget problems.
Joined: 5 Apr 2011 Age: 50 Gender: Male Posts: 3,026
26 Jul 2011, 10:32 pm
simon_says wrote:
Texas is also a bit of an odd duck due to it's oil. Like Alaska, Norway or Saudi Arabia. Their rainy day fund fills up every year with a % of proceeds from the sale of every barrel of oil produced in the state. When prices get high, Texas has fewer budget problems.
Works that way for russia too.
hey maybe we have another plausible culprit for fomenting of the arab spring?
Joined: 12 Jan 2009 Age: 43 Gender: Male Posts: 9,745
28 Jul 2011, 12:43 am
blauSamstag wrote:
simon_says wrote:
Texas is also a bit of an odd duck due to it's oil. Like Alaska, Norway or Saudi Arabia. Their rainy day fund fills up every year with a % of proceeds from the sale of every barrel of oil produced in the state. When prices get high, Texas has fewer budget problems.
Works that way for russia too.
hey maybe we have another plausible culprit for fomenting of the arab spring?
Only if we are formenting an Arab Spring in Iran, because that way we know the protestors/rebels don't have ties to Al Qaeda.
26 Jul 2011, 6:44 pm
