What a SHORT memory you have! You don't remember all the times the price of oil has fallen and the oil companies have laid off workers and the detriment that has befallen the STATE?
The state doesn’t have all the tax dollars coming in and they cut programs and people again! Then when the price does rebound the state starts spending money like drunken sailor again! (no disrespect to sailor to throw them in with politicians)

“I predict future happiness for Americans, if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” 
― Thomas Jefferson