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ODOT_December_2008_Forecast
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ODOT_December_2008_Forecast
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Last modified
5/28/2010 12:53:15 PM
Creation date
2/17/2009 5:08:45 PM
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PW_Operating
PW_Document_Type_ Operating
Reports
Fiscal_Year
2009
PW_Division
Administration
GL_Fund
131
GL_ORG
9901
Identification_Number
ODOT Forecast
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No
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since late July 2008. The macroeconomic transportation revenue forecast is consistent <br /> outlook has changed markedly from our prior with the Department of Administrative <br /> forecast. Now, the West Texas Intermediate Services' December 2008 Oregon Economic <br /> <br /> price for crude is forecast to be in the $30-40 ~ Revenue Forecast and the associated <br /> range for 2009. It then is projected to rise baseline macroeconomic forecast from IHS <br /> gradually to the $65-75 per barrel range in the Global Insight Inc. (GII). For the interested <br /> 2011 timeframe. While there are still reader, a more detailed treatment of both the <br /> considerable geopolitical risks in this outlook national and state economic outlooks is <br /> for fossil fuel prices there is considerable available at the web site of the Office of <br /> stimulus in these price levels going forward, Economic Analysis: <br /> as the cover narrative highlighted. As <br /> economic activity is stimulated, we should <br /> contemplate a similar boost in travel demands <br /> and transportation fuel consumption. <br /> Table 1 on page 5 summarizes a number of <br /> key national economic indicators. The <br /> 2 <br /> <br />
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