Dollarhide also suggested Syntroleum’s success bodes well for the oil and gas industry, which is desperate for an increase in commodity prices.
"That’s the assumption you have to make,” he said.
Oil and natural gas prices have been on the rise, a trend that Dollarhide expects to continue.
"If oil makes a run back toward $40 and if gas sinks back down to the $2-$3 level, then the Syntroleum story doesn’t make any sense,” he said. "Low energy prices kill the alternative energy equation.”
Oklahoma City University economist Steve Agee said he expects the state’s oil and gas companies to recover as oil and gas prices rise.
"They’re really just subject to commodity price swings,” he said.