The Federal Reserve Bank of Dallas said in its latest forecast it was less optimistic about its outlook for the year because of the low price of oil. The bank said early this week it expected job growth would be modest and drilling and extraction in the state, the nation’s top oil producer, should fall “sharply” if oil prices stay below the $50 per barrel mark. In its so-called Beige Book, the bank said Wednesday demand for oil services in the Permian and Eagle Ford shale basins declined. “Outlooks for the first half of 2015 are very uncertain and significantly weaker than in the prior reporting period, with firms expecting anywhere from a 15 to 40 […]