Late-2018 plunge in oil prices could mean slowdown in 2019

Plunging oil prices at the end of 2018 caused worry about an international economic slowdown, but experts say Wyoming could be slightly insulated from the effects – at least for the beginning of the new year.

“Any time you’re talking about oil prices, they are notoriously hard to predict, but what we are seeing is that there seems to be a net migration of rigs into Wyoming,” said Ben Cook, senior economist and visiting assistant professor at the University of Wyoming’s Enhanced Oil Recovery Institute.