Money watch | Arkansas Blog

Thursday, May 24, 2007

Money watch

Posted By on Thu, May 24, 2007 at 5:19 AM

Legislators hear that persistent high gas prices could cause people to reduce spending elsewhere and perhaps crimp state revenue flows. Don't look for any help from the Fayetteville shale either. Exploration is a temporary bubble. The gas itself will produce nothing thanks to our virtually non-existent severance tax.

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