Center for Energy and the Economy Articles in Dallas Fed Economics

• Solving a puzzle: More nonrenewable resources without higher prices

  Economic intuition suggests nonrenewable resources such as metals or fossil fuels become scarcer and more expensive over time. However, a new dataset covering the years 1700 to 2018 indicates otherwise.

  August 27, 2019

• GDP gain realized in shale boom’s first 10 years

  The U.S. shale boom has benefited the nation’s oil trade balance and oil-producing regions and led to unusually large employment and output gains.

  August 20, 2019

• Breakeven oil prices underscore shale’s impact on the market

  The oil price that companies need to profitably drill new wells has closely tracked prices for long-dated oil futures in recent years. The emergence of U.S. shale production seems to be playing a large role in anchoring long-term oil prices.

  May 21, 2019

• Modern refineries, shale boom upend traditional oil price relationships

  Different crude oils can sell for dramatically different prices with sometimes far-reaching effects on the energy industry—from impacts on oil producers’ production decisions to oil refineries’ profit margins.

  April 09, 2019

• Global Perspectives: John Hess on U.S. oil reserves, climate change

  Few sectors of the U.S. economy have undergone as radical a transformation in recent years as the energy sector, and few loom as large in the economic fortunes of Texas and the Eleventh District.

  February 28, 2019

• Dallas Fed Energy Survey suggests oil price drop won’t cause sector collapse in 2019

  Following a banner year in 2018, will U.S. oil producers retrench and reduce capital spending after the recent double-digit oil price decline? The latest Dallas Fed Energy Survey provides some clues about what may be next.

  February 14, 2019