Saving for a Rainy Day – or a Recession – Takes Energy

Key takeaway: Energy-sector states tend to save more for leaner times. This prudence is admirable given the historical volatility of energy prices – and the public revenues that depend on them. Two recent articles caught my attention because they had similar-looking lists of U.S. states: First, an April 17 article in the Financial Times regarding …

Continue reading “Saving for a Rainy Day – or a Recession – Takes Energy”