Medical and Hospital News  
OIL AND GAS
Oil-rich Oklahoma looks to tourism for revenue
by Daniel J. Graeber
Oklahoma City (UPI) Feb 16, 2016


disclaimer: image is for illustration purposes only

The governor of Oklahoma, which is facing a budget gap in part because of low oil prices, said she was looking to tourism as a possible financial life line.

"Oklahoma has experienced a tremendous growth in tourism and recreation businesses, destinations and sites which greatly enhance not only our ability to attract visitors and improve Oklahomans' quality of life but also creates jobs and revenue for our state," Oklahoma Gov. Mary Fallin said in a statement. "The money spent at these scenic spots and recreation destinations is a boon for local communities and the state of Oklahoma."

In 2014, when oil prices were near $110 per barrel, Oklahoma had one of the fastest-growing economies in the United States. With oil near $30 per barrel, the state has a $1 billion budget gap. Fallin, in her annual State of the State address in early February, said the steep drop in crude oil prices, off about 70 percent from mid-2014, had a "tremendous impact" on state revenues.

Fallin said direct spending as a result of tourism reached an all-time high of $8.9 billion two years ago.

According to the governor's office, travel and tourism is therefore the third-largest industry in the state.

"Oklahoma has experienced a tremendous growth in tourism and recreation businesses, destinations and sites which greatly enhance not only our ability to attract visitors and improve Oklahomans' quality of life but also creates jobs and revenue for our state," she said.

Fallin pointed to outdated tax policies and revenue collection deficiencies as problematic for Oklahoma coffers. If lawmakers don't find ways to fix "decades-old structural budget problems," the governor said most state agencies may face 13.5 percent in cuts in the 2017 fiscal year.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
OPEC rumors again drive oil higher
New York (UPI) Feb 12, 2016
Speculation that major world oil producers could at least curb increases caused crude oil prices to soar Friday, though underlying economic pessimism remains. Several media outlets reported the government of the United Arab Emirates was reviewing potential production cuts alongside other members of the Organization of Petroleum Exporting Countries. Previous rumors of cooperation between ... read more


OIL AND GAS
Erdogan threatens to send refugees to EU as NATO steps in

Taiwan to seize assets of collapsed building developer

Refugee crisis 'a near existential' threat to Europe: Kerry

NATO sends warships on Aegean migrant mission

OIL AND GAS
Russia Developing Glonass Satellite And Latest Bird Launched

China to launch nearly 40 Beidou navigation satellites in five years

45th SW supports Air Force GPS IIF-12 launch aboard an Atlas V

United Launch Alliance launches GPS IIF-12 satellite for U.S. Air Force

OIL AND GAS
Early human ancestor did not have the jaws of a nutcracker

Wirelessly supplying power to brain

Humans evolved by sharing technology and culture

DNA evidence uncovers major upheaval in Europe near end of last Ice Age

OIL AND GAS
You scratch my back and I might scratch yours: the grooming habits of wild chimpanzees

Cryonics breakthrough: Frozen rabbit brain successfully returned

65-year-old Laysan albatross hatches 40th chick

Wild elephant goes on rampage in Indian town

OIL AND GAS
Many white-tailed deer have malaria

Fish, other mosquitoes now warriors in Zika battle

Four swine flu deaths in Lebanon this winter: health ministry

China confirms first imported Zika case: report

OIL AND GAS
Over 30 Hong Kong protesters in court over riot

'Dead' Chinese baby awakes just before cremation

Dozens hurt as riot erupts in Hong Kong

Hong Kong kicks off Year of Monkey, but primate relations sour

OIL AND GAS
Two Mexican marines, suspect killed in shootout

U.S., U.K. help build West African partners' anti-piracy capabilities

OIL AND GAS
'Coworking' grows amid search for new office lifestyle

HSBC bank stays in London, snubbing Hong Kong

Carbon reductions won't hinder Chinese growth

Norway's massive wealth fund pulls out of 73 companies









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.