[...] it's something of a puzzle for the longer-term effect of lower crude prices on a state that derives a significant portion of its revenue from exploration and production taxes. With the benchmark crude oil price for the Gulf Coast area at just under $61 per barrel as of last week, refiners are enjoying higher margins and profitability. In the 2013 budget year, which ended Sept.
Stories Related to Winners, Losers Emerge In Oil Price Tumble
By Dan Wallach, The Beaumont Enterprise
Mon, 03/02/2015 - 11:50am
Sections: u.s.
Topics: Texas Jefferson County Beaumont
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