Energy

Articles and Research

2018

• OPEC in the News, Michael Plante, Research Department Working Paper 1802.

2017

• Demand Shocks Fuel Commodity Price Booms and Busts, Martin Stuermer, Economic Letter, December 2017.
• Real-time Data Inaccuracies Pose Challenges to Gauging the Oil Market, Justin J. Lee and Jesse Thompson, Economic Letter, November 2017.
• The U.S. Shale Oil Boom, the Oil Export Ban, and the Economy: A General Equilibrium Analysis, Nida Çakır Melek, Michael Plante and Mine Yücel, Research Department Working Paper 1708.
• 2018 Outlook Unchanged Despite Harvey Impacts, Justin J. Lee and Michael D. Plante, Energy Update, Third Quarter 2017.
• Spotlight: Cross-Border Pipelines Link U.S. Natural Gas Producers, Mexican Electricity Users, Rachel Brasier and Jesse Thompson, Southwest Economy, Third Quarter 2017.
• Go Figure—LNG Markets Unleashed: How Texas Stands to Benefit, Darcy Taj and Kunal Patel, Southwest Economy, Third Quarter 2017.
• World Still Knee-Deep in Crude Oil Despite Cuts, Jesse Thompson and Rachel Brasier, Energy Update, Second Quarter 2017.
• Spotlight: Wind Power a Growing Force in Oil Country, Justin J. Lee and Kelvinder Virdi, Southwest Economy, Second Quarter 2017.
• Global Commodity Prices and Global Stock Volatility Shocks: Effects across Countries, Wensheng Kang, Ronald A. Ratti and Joaquin Vespignani, Globalization Institute Working Paper 311.
• Costs of Oil Price Exchange-Traded Funds Diminish Usefulness, Sung Je Byun, Economic Letter, April 2017.
• Oil, Volatility and Institutions: Cross-Country Evidence from Major Oil Producers, Amany El-Anshasy, Kamiar Mohaddes and Jeffrey B. Nugent, Globalization Institute Working Paper 310.
• Do Sovereign Wealth Fund Dampen the Negative Effects of Commodity Price Volatility?, Kamiar Mohaddes and Mehdi Raissi, Globalization Institute Working Paper 304.
• OPEC and U.S. Production Shape Oil Market Dynamics, Soojin Jo and Justin J. Lee, Energy Update, First Quarter 2017.
• Oil Price Shocks and Policy Uncertainty: New Evidence on the Effects of U.S. and Non-U.S. Oil Production, Wensheng Kang, Ronald A. Ratti and Joaquin L. Vespignani, Globalization Institute Working Paper 295.

2016

• Lingering Energy Bust Depresses, Doesn’t Sink Texas State Budget, Jason Saving, Southwest Economy, Fourth Quarter 2016.
• New Mexico Recovery Lags amid Energy, Government Sector Weakness, Roberto Coronado and Marycruz De León, Southwest Economy, Fourth Quarter 2016.
• Noteworthy: Energy: Ethanol Blend Rules Inflate Refiner ‘RIN’ Credit Costs, Rachel Brasier, Southwest Economy, Fourth Quarter 2016.
• Spotlight: Texas Has ‘All-of-the-Above’ Energy Approach, Navi Dhaliwal, Southwest Economy, Fourth Quarter 2016.
• OPEC Reloaded: More Appearance than Substance?, Rachel Brasier and Martin Stuermer, Quarterly Energy Update, Fourth Quarter 2016.
• Noteworthy: Louisiana Slips into Recession amid Oil Bust, Justin Lee, Southwest Economy, Third Quarter 2016.
• Signs of Recovery Emerge in the U.S. Oil Market, Rachel Brasier, Justin J. Lee and Michael D. Plante, Quarterly Energy Update, Third Quarter 2016
• Energy Bust Bad News for Job and Wage Growth, Pia M. Orrenius, Annual Report, April 2016.
• The Texas Energy Industry: From Boom to Gloom, Michael D. Plante and Mine K. Yücel, Annual Report, April 2016.
• Will Oil Decline Lead to a House Price Bust?, John V. Duca, Annual Report, April 2016.
• Houston Grinds to a Halt as Oil Industry Declines, Jesse Thompson, Southwest Economy, Second Quarter 2016.
• Noteworthy: Low Oil Prices Depress Energy States’ GDP Growth, Sarah Greer, Southwest Economy, Second Quarter 2016.
• Noteworthy: Wholesale Electricity Prices Turn Negative in Texas, Navi Dhaliwal, Southwest Economy, Second Quarter 2016.
• On the Record: Playing to Houston’s Strengths: Internationalism, Energy, Innovation. A Conversation with Annise Parker, Southwest Economy, Second Quarter 2016.
• Once-Robust Wage Growth Stops as Texas Economy Slows, Amy Jordan and Emily Gutierrez, Southwest Economy, Second Quarter 2016.
• Risks Mount for Eleventh District Banks amid Energy Weakness, Kelly Klemme and Edward C. Skelton, Southwest Economy, Second Quarter 2016.
• Oil Roller Coaster: Prices Rise on Production Outages, Fall with Brexit, Navi Dhaliwal and Martin Stuermer, Quarterly Energy Update, Second Quarter 2016
• Energy: Crude Oil Export Outlook Mixed as 1975 Ban Ends, Navi Dhaliwal, Southwest Economy, First Quarter 2016.
• Texas Economy Remains Resilient, but Low Oil Prices Loom as Future Risk, Keith R. Phillips and Christopher Slijk, Southwest Economy, First Quarter 2016.
• Texas Office, Industrial Markets Mostly Healthy Despite Energy Bust, Laila Assanie, Southwest Economy, First Quarter 2016.
• Hopes and Fears About Oversupply Whipsaw Oil Prices, Navi Dhaliwal and Michael Plante, Quarterly Energy Update, First Quarter 2016
• The Rank Effect for Commodities, Ricardo T. Fernholz and Christoffer Koch, Research Department Working Paper 1607.
• What Drives Commodity Price Booms and Busts?, David S. Jacks and Martin Stuermer, Research Department Working Paper 1614.
• Do Oil Endowment and Productivity Matter for Accumulation of International Reserves?, Rasmus Fatum, Guozhong Zhu and Wenjie Hui, Globalization Institute Working Paper 291.
• Oil Prices and the Global Economy: Is It Different This Time Around?, Kamiar Mohaddes and M. Hashem Pesaran, Globalization Institute Working Paper 277.
• The U.S. Oil Supply Revolution and the Global Economy, Kamiar Mohaddes and Mehdi Raissi, Globalization Institute Working Paper 263.

2015

• Energy: U.S. Plans to Exchange Light Crude Oil for Mexico’s Heavy Oil, Sarah Greer, Southwest Economy, Fourth Quarter 2015.
• Non-Renewable Resources, Extraction Technology, and Endogenous Growth, Martin Stuermer and Gregor Schwerhoff, Working Paper 1506, December 2015.
• OPEC Likely to Keep Pumping Despite Budget Woes of Some Members, Martin Stuermer and Navi Dhaliwal, Southwest Economy, Fourth Quarter 2015.
• OPEC Tips Crude Oil Markets over the Cliff, Navi Dhaliwal and Martin Stuermer, Quarterly Energy Update, Fourth Quarter 2015
• Oil Prices Sink in Third Quarter, Michael Plante and Amy Jordan, Quarterly Energy Update, Third Quarter 2015
• Energy: Record Crude Supply Presses Storage Limits in Cushing, Okla., Kristin Davis, Southwest Economy, Second Quarter 2015.
• Oil Markets Stabilizing, but OPEC Supply Raises Concerns, Kristin Davis and Martin Stuermer, Quarterly Energy Update, Second Quarter 2015
• Plunging Oil Prices: A Boost for the U.S. Economy, a Jolt for Texas, Anthony Murphy, Michael Plante and Mine Yücel, Economic Letter, April 2015.
• Lower Oil Prices Weaken Prospects for Job, Economic Growth in Texas, Michael D. Plante, Southwest Economy, First Quarter 2015.
• Texas Metros’ Rapid Growth Likely to Slow Following Energy Price Drop, Amy Jordan, Southwest Economy, First Quarter 2015.
• Workforce: Energy Only 3 Percent of Texas Private-Sector Jobs, Kristin Davis, Southwest Economy, First Quarter 2015.
• Oil Prices Retreat Following a Brief Uptick, Kristin Davis and Michael Plante, Quarterly Energy Update, First Quarter 2015
• The Impact of Oil Price Shocks on the U.S. Stock Market: A Note on the Roles of U.S. and Non-U.S. Oil Production, Wensheng Kang, Ronald A. Ratti and Joaquin Vespignani, Globalization Institute Working Paper 249.
• Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis, Kamiar Mohaddes and M. Hashem Pesaran, Globalization Institute Working Paper 242.

2014

• Producers, Refiners View Strategies to Trim Texas’ Glut of Ultralight Condensate Oil, Jesse Thompson, Southwest Economy¸ Fourth Quarter 2014.
• Energy: Condensate Ruling Could Expand Eagle Ford Shale Exports, Kristin Shepard, Southwest Economy, Third Quarter 2014.
• U.S. Gasoline Imports Rise Following Temporary Easing of Fuel Standards, Adriana Z. Fernández and Robert W. Gilmer, Economic Letter, August 2014.
• Crude Oil Export Ban Benefits Some … but Not All, Michael D. Plante, Economic Letter, July 2014
• Fuel Subsidies, the Oil Market and the World Economy, Nathan Balke, Michael Plante and Mine Yücel, Federal Reserve Bank of Dallas Research Department Working Paper No. 1407
• 'Reforma Energética': Mexico Takes First Steps to Overhaul Oil Industry, Michael Plante and Jesus Cañas, Southwest Economy, Second Quarter 2014.
• Renewable Fuel Standards Hit the 'Blend Wall', Michael Plante and Mine Yucel, Economic Letter, March 2014.
• Energy: Finding New Estimators of Oil and Gas Production, Amy Jordan, Southwest Economy, First Quarter 2014.
• Geographic Barriers to Commodity Price Integration: Evidence from U.S. Cities and Swedish Towns, 1732-1860, Mario J. Crucini and Gregor W. Smith, Globalization Institute Working Paper 215.
• 150 Years of Boom and Bust: What Drives Mineral Commodity Prices?, Martin Stuermer, Research Department Working Paper 1414.
• Industrialization and the Demand for Mineral Commodities, Martin Stuermer, Research Department Working Paper 1413.

2013

• Energy, Trade in Southern New Mexico Lift State's Economic Performance, Avilia Bueno and Roberto A. Coronado, Southwest Economy, Fourth Quarter 2013.
• Shale Revolution Feeds Petrochemical Profits as Production Adapts, Jesse Thompson, Southwest Economy, Fourth Quarter 2013.
• A Closer Look at Potential Distortions in State RGDP: The Case of the Texas Energy Sector, Keith Phillips, Raul Hernandez and Benjamin Scheiner, Research Department Working Paper 1308.
• Getting Prices Right: Addressing Mexico's History of Fuel Subsidies, Michael D. Plante and Amy Jordan, Southwest Economy, Third Quarter 2013.
• Natural Gas: Mexican Imports from U.S. Reach Record High, Amy Jordan, Southwest Economy, Second Quarter 2013.
• Trains Carry the Load of U.S. Crude Surge as Pipeline Growth Lags, Greg L. Armstrong, Southwest Economy, Second Quarter 2013.
• Monetary Policy, the Tax Code, and the Real Effects of Energy Shocks, William T. Gavin, Benjamin D. Keen and Finn E. Kydland, Research Department Working Paper 1304.
• The Long-run Macroeconomic Impacts of Fuel Subsidies, Michael Plante, Research Department Working Paper 1303.
• Shale Oil: Eagle Ford Likely to Overtake North Dakota's Bakken, Amy Jordan, Southwest Economy, First Quarter 2013.
• Commodity House Prices, Charles Ka Yui Leung, Song Shi and Edward Tang, Globalization Institute Working Paper 154.

2012

• Increased U.S. Energy Supply Helps Offset Tight Global Conditions, Michael Plante Southwest Economy, Fourth Quarter 2012.
• Booming Shale Gas Production Drives Texas Petrochemical Surge, Jesse Thompson, Southwest Economy, Fourth Quarter 2012.
• Gas Tax Trends Drive Highway Funding Shifts, Jason Saving and Michael Weiss, Southwest Economy, Third Quarter 2012.
• Oil Boom in Eagle Ford Shale Brings New Wealth to South Texas, Robert W. Gilmer, Raúl Hernandez and Keith R. Phillips, Southwest Economy, Second Quarter 2012.
• Spotlight: Permian Basin Booms as New Techniques Resurrect Old Sites, Robert W. Gilmer and Jesse B. Thompson, Southwest Economy, Second Quarter 2012.
• Energy Leads the Way as Houston Surges into 2012, Robert W. Gilmer and Jesse B. Thompson, Houston Business, March 2012.
• How Should Monetary Policy Respond to Changes in the Relative Price of Oil? Considering Supply and Demand Shocks, Michael Plante, Research Department Working Paper 1202.
• Time-Varying Oil Price Volatility and Macroeconomic Aggregates, Michael Plante and Nora Traum, Research Department Working Paper 1201.
• The Effect of Commodity Price Shocks on Underlying Inflation: The Role of Central Bank Credibility, J. Scott Davis, Globalization Institute Working Paper 134.

2011

• Did Speculation Drive Oil Prices? Market Fundamentals Suggest Otherwise, Michael Plante and Mine Yücel, Economic Letter, October 2011.
• Did Speculation Drive Oil Prices? Futures Market Points to Fundamentals, Michael Plante and Mine Yücel, Economic Letter, October 2011.
• Oil Prices: Muted Reaction as Strategic Reserve Release Falls Short, Jackson Thies, Southwest Economy, Third Quarter 2011.
• Natural Gas: Louisiana’s Haynesville May Have Overtaken Barnett, Adam Swadley, Southwest Economy, Second Quarter 2011.
• Oil and Gas Rises Again in Diversified Texas, Mine Yücel and Jackson Thies, Southwest Economy, First Quarter 2011.
• Oil Shocks through International Transport Costs: Evidence from U.S. Business Cycles, Hakan Yilmazkuday, Globalization Institute Working Paper 82.
• Did Residential Electricity Rates Fall After Retail Competition? A Dynamic Panel Analysis, Adam Swadley and Mine Yücel, Research Department Working Paper 1105.

2010

• Natural Gas from Shale: Texas Revolution Goes Global, Robert W. Gilmer and Emily Kerr, Southwest Economy, Third Quarter 2010.
• Natural Gas: Glitches Point to Inflated Output Data, Jackson Thies, Southwest Economy, Second Quarter 2010.
• Oil Markets: Saudi’s Abandon WTI Price as Benchmark, Jackson Thies, Southwest Economy, First Quarter 2010.
• Oil Price Shocks and U.S. Economic Activity: An International Perspective, Nathan S. Balke, Stephen P.A. Brown and Mine K. Yücel, Research Department Working Paper 1003.

2009

• Texas Wind Energy: Tax Breaks, Transmission Lines Key to Growth, Jackson Thies, Southwest Economy, Third Quarter 2009.
• Measuring Oil-Price Shocks Using Market-Based Information, Tao Wu and Michele Cavallo, Research Department Working Paper 0905.
• What Drives Diesel Fuel Prices?, Jackson Thies and Stephen P. A. Brown, Economic Letter, November 2009.
• Market Arbitrage: European and North American Natural Gas Prices, Mine K. Yücel and Stephen P.A. Brown, The Energy Journal, special issue 2009.
• Do China and Oil Exporters Influence Major Currency Configurations?, Michael Fratzscher and Arnaud Mehl, Globalization Institute Working Paper 25.

2008

• Energy: Oil, Gasoline Price Spikes Unlikely in 2009, Jackson Thies, Southwest Economy, November/December 2008.
• Deliverability and Regional Pricing in U.S. Natural Gas Markets, Mine K. Yücel and Stephen P.A. Brown, Energy Economics, September 2008.
• Energy: New Texas LNG Terminals Put on Hold, Jessica Renier, Southwest Economy, May/June 2008.
• Crude Awakening: Behind the Surge in Oil Prices, Stephen P. A. Brown, Raghav Virmani and Richard Alm, Economic Letter, May 2008.
• Midland and Odessa: Permian Basin Cities Ride Oil Boom Again, Robert W. Gilmer and Charles James, Southwest Economy, March/April 2008.
• Energy: Supply Disruptions Lead to Spike in Coal Prices, Amber C. McCullagh, Southwest Economy, March/April 2008.
• What Drives Natural Gas Prices?, Mine K. Yücel and Stephen P.A. Brown, The Energy Journal, 29(2), 2008.

2007

• What's Driving Gasoline Prices?, Stephen P. A. Brown and Raghav Virmani, Economic Letter, Oct. 2007.
• What Drives Natural Gas Prices, Stephen P. A. Brown and Mine Yücel, Research Department Working Paper 0703.
• Gasoline Content Regulation as a Trade Barrier: Do Boutique Fuels Discourage Fuel Imports?, Adriana Z. Fernández, Robert W. Gilmer and Jonathan L. Story, Research Department Working Paper 0709.

2006

• Quantifying the Effects of Environmental Regulations on U.S. Gasoline Imports: A Natural Experiment, Adriana Fernandez, Jonathan Story and Bill Gilmer, Conference proceedings of the USAEE/IAEE Ann Arbor Conference, September 2006.
• On the Record: Making Sense of High Energy Prices, Stephen P. A. Brown, Southwest Economy, July/August 2006.
• Running on Empty? How Economic Freedom Affects Oil Supplies, Stephen P. A. Brown and Richard Alm, Economic Letter, April 2006.
• Oil Exploration Booms-Is Houston Next?, Robert W. Gilmer, Houston Business, March 2006
• Natural Gas: After a Big Price Jump, Falling Back to Reality, Southwest Economy, January/February 2006.

2005

• Do Higher Oil Prices Still Benefit Texas? , Stephen P. A. Brown and Mine Yücel, The Face of Texas: Jobs, People, Business, Change, October 2005.
• Unconventional Natural Gas Drives New Mexico Rig Count, Robert W. Gilmer, Crossroads, 2005, Issue 1.
• Texas Drilling Directed Toward Unconventional Natural Gas, Robert W. Gilmer, Houston Business, June 2005.
• Concentration of Energy Production and Processing on the Gulf Coast, Robert W. Gilmer, Carrie Ann Fossum and Iram Siddik, Houston Business, Dec. 2005.

2004

• Energy Security and Global Climate Change Mitigation, Stephen P. A. Brown and Hillard G. Huntington, Energy Policy, 32(6), 2004.

2003

• Business Cycles: The Role of Energy Prices, Stephen P.A. Brown, Mine K. Yücel and John Thompson, Research Department Working Paper 0304.

2002

• Oil Price Shocks and the U.S. Economy: Where Does the Asymmetry Originate?, Nathan S. Balke, Stephen P. A. Brown and Mine K. Yücel,The Energy Journal 23(3), Third Quarter 2002.
• Energy Prices and Aggregate Economic Activity: An Interpretative Survey, Stephen P. A. Brown and Mine K. Yücel, Quarterly Review of Economics and Finance, 42(2), Second Quarter 2002.