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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Oklahoma lawmaker studying energy stabilization fund

Posted on 05 January 2010

From Abcnews: With energy prices sagging, Oklahoma House Speaker Chris Benge said Monday he is studying the need for an energy stabilization fund to mitigate the financial fallout from volatile oil and natural gas prices.

The fund would capture excess revenue when prices are high and distribute it when they are low, thus providing a cushion to avoid massive budget cuts whenever prices fall, Benge said…………………………………..Full Article: Source

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