Minneapolis Star Tribune | Plummeting oil prices cut North Dakota revenue expectations in half Minneapolis Star Tribune Oil prices have been cut in half, and so has North Dakota's budget. A drastic drop in the oil market has carved a $4 billion crater in the state's revenue forecast, according to the revised forecast issued Thursday. Instead of the $8.3 billion in oil ... $4 billion drop in oil and gas tax revenue predicted for North Dakota amid ... Plunging oil prices blow a $4B hole in North Dakota's state budget Revised forecast predicts $4B drop in ND oil and gas tax revenue amid sagging ... |