Energy Indicators
Energy prices have been dropping since summer as softening economic data and warmer-than-normal weather lowered demand expectations.
January 19, 2023
Texas electrical grid remains vulnerable to extreme weather events
New regulations, weatherization standards and operational changes have addressed many shortcomings, but some critical gaps persist.
January 17, 2023
Research Department Working Papers
Heterogeneity in the Pass-Through from Oil to Gasoline Prices: A New Instrument for Estimating the Price Elasticity of Gasoline Demand
This paper proposes a new instrument for estimating the price elasticity of gasoline demand that exploits systematic differences across U.S. states in the pass-through of oil price shocks to retail gasoline prices.
January 06, 2023
Surveys
Dallas Fed Energy Survey
Activity in the oil and gas sector continued growing in fourth quarter 2022, according to oil and gas executives responding to the Dallas Fed Energy Survey.
December 29, 2022
Southwest Economy, Fourth Quarter 2022
Blame costlier natural gas, rising fees for increasing Texas power bills
The cost of keeping the lights on in Texas homes has soared this year, as natural gas prices attained highs not seen since 2008.
December 22, 2022
Research Department Working Papers
A Broader Perspective on the Inflationary Effects of Energy Price Shocks
This paper develops a vector autoregressive model that quantifies the joint impact of shocks to several energy prices on headline and core CPI inflation.
December 21, 2022
Energy and the Economy: The New Energy Landscape
The conference focused on geopolitics as well the outlook for global energy markets and the U.S. energy sector.
November 10, 2022
Permian Basin Economic Indicators
The Permian Basin economy expanded in the third quarter but at a slower rate than the previous quarter. Both oil production and employment increased, and the unemployment rate declined.
November 09, 2022
Energy Indicators
Refiners continued to boost activity as the country moved into the winter heating season amid low inventories and high margins.
November 02, 2022
Research Department Working Papers
The Electric Ceiling: Limits and Costs of Full Electrification
Electrification is a centerpiece of global decarbonization efforts. Yet there are reasons to be skeptical of the inevitability, or at least the optimal pace, of the transition. This paper discusses several under-appreciated costs of full, or even deep, electrification.
October 21, 2022