Dallas Fed Economics
The Russian oil supply shock of 2022
In the immediate aftermath of Russia’s invasion of Ukraine in late February, early estimates suggested that perhaps 3 million barrels a day (mb/d) of petroleum production had been effectively removed from the global oil market, constituting one of the largest supply shortfalls since the 1970s.
March 22, 2022
Economic Indicators
Energy Indicators
The Russian invasion of Ukraine has roiled the industry and sent global energy prices soaring. Downward revisions to oil and gas payroll data reveal that the pandemic oil bust has been much deeper than national data initially showed.
March 14, 2022
Dallas Fed Economics
Electric vehicles gain ground but still face price, range, charging constraints
Further improvement seems necessary before a wholesale switch to EVs occurs in the U.S.
February 22, 2022
Dallas Fed Economics
Solar lights up outlook for renewable energy in Texas
Improving economics and government tax incentives have spurred investment in utility-scale solar facilities in Texas.
February 08, 2022
Economic Indicators
Energy Indicators
Eroding inventories, heighted political tensions and uncertainty regarding spare production capacity from OPEC+ member countries kept global energy prices elevated through the end of 2021.
January 28, 2022
Dallas Fed Economics
A Ban on U.S. Crude Oil Exports Would Not Lower Gasoline Prices at the Pump
High gasoline prices have stimulated interest in what the Biden administration can do to lower the price at the pump.
January 04, 2022
Dallas Fed Economics
Better Vehicle Batteries Needed to Power Energy Transition
A large-scale conversion to electric vehicles (EVs), necessary for a successful transition from fossil fuels, has yet to occur despite dramatic improvements in battery costs and performance over the past decade.
December 21, 2021
Economic Indicators
Energy Indicators
Overall, global demand for petroleum is expected to surpass 2019 levels by the end of 2022, contingent on the course of COVID-19. In the meantime, the cost of global energy is elevated heading into winter.
December 16, 2021
Natural gas demand recovers, lifts prices
Global demand for U.S. natural gas has risen as many pandemic-induced limits on economic activity have been lifted, but domestic production has only slowly recovered.
December 15, 2021
Dallas Fed Economics
Limited Impact of Rising Energy Prices on U.S. Inflation, Inflation Expectations in 2020–23
Predictions of $100 per barrel oil during the coming winter have raised fears of persistently high inflation and rising inflation expectations for years to come. However, quantitative analysis suggests that these concerns have been overstated.
November 23, 2021