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Energy

  • Events

    Energy and the Economy: Tail Risks, Tailwinds and Resiliency

    This conference will investigate contours of tail risks in the energy sector, highlight how such events affect broader economic conditions, and what opportunities may emerge as conditions change.

  • Dallas Fed Energy Survey

    Oil and gas expansion gains momentum; outlooks improve but cost pressures grow

    Activity in the oil and gas sector jumped in second quarter 2026, according to oil and gas executives responding to the Dallas Fed Energy Survey.

  • Dallas Fed Economics

    U.S. economy less vulnerable to geopolitical oil price shocks than in the past

    Recent Federal Reserve Bank of Dallas research shows that the response of U.S. real (inflation-adjusted) GDP growth to the 2026 Iran war is only one-twentieth of what it would have been in 1980. Moreover, the response of U.S. real GDP growth today is only one-sixth of the decline in the rest of the world.

  • Working Paper

    How Times Have Changed: The Impact of the 2026 Iran War on the U.S. Economy

    The 2026 Iran war has raised the question of how exposed the U.S. economy is to geopolitical oil supply disruptions. This paper develops a two-country model of the global economy with large geopolitical oil supply disruptions that distinguishes between the U.S. economy and the rest of the world.

  • Southwest Economy

    Oil prices are up; whither the Texas boom?

    Texas tends to report higher employment and output when oil prices sharply increase. But uncertainty regarding the duration of elevated prices could mute such impacts from the price shock following the closure of the Strait of Hormuz.

  • Dallas Fed Economics

    Hormuz closure offsets tariff reversal; U.S. left with upside inflation risk

    A pair of important and opposing trade shocks hit the U.S. economy during the first quarter of 2026. The U.S. Supreme Court struck down a portion of the tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The decision on Feb. 20 lowered average U.S. import tariffs by roughly 4.8 percentage points.

  • Speeches and essays

    Opening remarks for ‘Monetary policy and imbalances’ panel

    Dallas Fed President Lorie Logan discusses energy markets, financial imbalances and the implications of declining global fertility.

  • Southwest Economy

    Texas economy shows resilience amid geopolitical uncertainty

    The Texas labor market showed signs of increasing momentum in early 2026, with employment growing 1.7 percent during the first quarter after a sluggish 2025.

  • Economic Indicators

    Permian Basin Economic Indicators

    Employment in the Texas Permian Basin grew in the three months ending in March and unemployment rates fell slightly. Both home sales and the median price of homes sold decreased.

  • Research Events

    Texas–Mexico Energy Trade: Local and Global Impacts

    Texas has become a global energy powerhouse, with surging oil, natural gas, and petrochemical exports reshaping international trade relationships. As LNG terminals expand and cross-border energy flows accelerate, securing this vital supply chain presents new challenges. This conference examined the opportunities and vulnerabilities in Texas's rapidly evolving energy trade landscape.