The Kansas City Star has an interesting article on the impact energy development has had on the state economy. For example: "But imagine, if you can, a day when the U.S. economy could laugh at higher energy prices — a day when the pain they cause individual pocketbooks is more than made up by the money made and jobs created by producing more of the energy we use. *** Some parts of the country could already be laughing, said Mark Snead, an economist and vice president at the Denver branch of the Federal Reserve Bank of Kansas City. According to a study by Snead, 13 states, including Kansas, have big enough energy industries that their sizes offset the economic damage caused by higher retail gas prices."
Read the whole thing.