Will States Squander Their Energy Windfall?

Back in the mid-1980s bumper stickers appeared throughout Texas which captured the desperation of the times. "Please Lord," the stickers read, "Give Me One More Boom-This Time I Promise Not to Throw It Away." The wry stickers were a reference to the economic crash that Texas experienced after oil prices plunged from a high of $40 a barrel down to about $9. . .

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