Higher Oil Prices May Not Meaningfully Boost Oklahoma’s Broader Economy

Cortney Cowley and Chase Farha
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Chase Farha: https://www.kansascityfed.org/research-staff/chase-farha/

Oklahoma Economist, 2026

Abstract: The Iran conflict has significantly curtailed global oil supply, causing a sharp increase in prices. This edition of Oklahoma Economist examines how elevated oil prices may affect the state’s economy. It finds that higher prices have boosted oil and gas firms’ profits, but several factors may limit broader economic gains for Oklahoma.

Keywords: oil supply; oil prices; natural gas; Severance tax (search for similar items in EconPapers)
Date: 2026
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