Higher Oil Prices Will Likely Increase Severance Tax Revenues in Rocky Mountain States

David Rodziewicz

Rocky Mountain Economist, 2026

Abstract: The Iran conflict that began in February triggered a historically large energy market disruption, leading to a substantial increase in oil prices. Although higher oil prices may present challenges for households and businesses, Rocky Mountain states’ budgets—especially Wyoming and New Mexico—stand to gain from additional severance tax revenue related to elevated oil prices.

Keywords: Energy-price shocks; supply and demand shocks; oil prices; oil price shocks; oil supply shocks (search for similar items in EconPapers)
Date: 2026
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