Research Topics
Energy
Articles and Research
2019
- Uncertainty and Labor Market Fluctuations, Soojin Jo and Justin J. Lee, Research Department Working Paper 1904.
- Closer to One Great Pool? Evidence from Structural Breaks in Oil Price Differentials, Michael Plante and Grant Strickler, Research Department Working Paper 1901.
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.