Oklahoma budget crisis spurs battle among oilmen
May 24, 2017
OKLAHOMA CITY (AP) — An impasse among Oklahoma lawmakers over how to fix the state's worst budget problem in decades has sent the legislature spiraling into chaos and focused blame on the usually sacrosanct oil and natural gas industry for not paying more taxes.
The industry has historically been the key driver of the state's economy, providing tens of thousands of jobs and accounting for about 13 percent of Oklahoma's household earnings.
But a sharp cut approved two years ago in oil and gas production taxes, which has led to severe budget problems for schools and social services, has tri...