Gasoline demand more responsive to price changes than economists once thought
Recent advances in applied work have overturned decades of conventional wisdom regarding how consumers respond to gasoline price fluctuations.
June 16, 2020
How falling oil prices in early 2020 weakened the U.S. economy
The benchmark West Texas Intermediate (WTI) price of oil dropped by more than half from Jan. 21 to April 3. This oil price decline has weakened rather than strengthened the U.S. economy, making this event different from past episodes of falling oil prices.
May 19, 2020
Falling oil prices drag down U.S. business investment
The dramatic decline in the price of oil has led to massive investment reductions by U.S. oil and gas producers.
May 14, 2020
Southwest Economy, First Quarter 2020
Permian Basin’s shale-era oil production rises even as rig count falls
A change in the number of active drilling rigs is no longer the reliable predictor for near-term oil production growth that it once was.
April 06, 2020
How the Saudi decision to launch a price war is reshaping the global oil market
In the second week of March, the already fragile global oil market was rocked by Saudi Arabia’s announcement that it would expand oil production to unprecedented levels, signaling an end to its price cooperation with Russia.
April 02, 2020
Dallas Fed Energy Survey results point to bleak outlook for oil industry
The price of West Texas Intermediate (WTI) crude oil has plunged more than 50 percent since the start of the year as the coronavirus (COVID-19) pandemic has taken hold and OPEC has failed to agree on global supply cuts.
March 26, 2020
Surveys
Dallas Fed Energy Survey
Activity in the oil and gas sector declined significantly in first quarter 2020, according to oil and gas executives responding to the Dallas Fed Energy Survey.
March 25, 2020
Potential mismeasurement of mining limits official Texas real GDP data
We show how a new measure tied to oil and gas production provides a result that is more consistent with other assessments of real output in this industry.
February 25, 2020
An assessment of economic conditions and the stance of monetary policy
In his latest essay, posted on Dallas Fed Economics, President Rob Kaplan provides his assessment of current economic conditions, the outlook for the energy industry, and the current stance of monetary policy.
February 18, 2020
Southwest Economy, Fourth Quarter 2019
Rising Demand, Renewables Generate New Challenges for Electric Utilities
Paula Gold-Williams, president and CEO of CPS Energy, offers her perspective on the electricity market in Texas.
December 30, 2019