Dallas Fed Economics
What can be learned from the persistent electric power outages in Texas?
Texas suffered massive power outages during unusually cold temperatures in February. Millions of households lost access not only to power but also to heat and water for days—a situation that was foreseeable and could have been avoided.
April 01, 2021
Dallas Fed Economics
Anticipated federal restrictions would slow Permian Basin production
Possible changes to leasing and permitting requirements governing federal lands could move oil production, prompting a realignment of Permian Basin activity between Texas and New Mexico.
March 04, 2021
Dallas Fed Economics
Energy financing trends consistent with renewables’ growth
Equity markets appear to favor renewable-energy producers relative to their hydrocarbon counterparts. However, the relatively smaller size of many renewables projects complicates direct comparisons of bank lending to hydrocarbon and renewable entities.
February 23, 2021
Economic Indicators
Energy Indicators
Oil prices increased in December and early January. Executives responding to the Dallas Fed Energy Survey see West Texas Intermediate crude (WTI) prices staying near to or above breakeven levels for drilling new wells this year and are budgeting based on WTI in the low-to-mid $40s.
January 22, 2021
Dallas Fed Economics
What Is the U.S. oil industry doing about greenhouse gas emissions?
Oil companies have felt compelled to react both in anticipation of new regulatory policies and in response to growing pressure from investors.
December 29, 2020
Energy Woes to Weigh on Houston Recovery, Local Economist Says
Bill Gilmer, director of the Institute for Regional Forecasting at the University of Houston’s Bauer College of Business, assesses the effect of the energy industry problems on the Houston economy and provides an outlook for 2021.
December 21, 2020
Spotlight: Lower U.S. Crude Oil Production Decreases Output, Raises Price of Natural Gas
Natural gas futures plummeted to a historic low in June 2020 only to rebound by late October, mainly due to a decline in natural gas production from oil wells.
December 21, 2020
Economic Indicators
Energy Indicators
U.S. oil and gas employment ticked up in November—the first improvement since February. Benchmark natural gas prices were up in November, as were U.S. gas exports.
December 11, 2020
Economic Indicators
Energy Indicators
Choppy oil prices have averaged near $40 per barrel the past three months, and oilfield activity has risen from summer lows.
November 20, 2020
Dallas Fed Economics
A new view of the relationship between oil prices, gasoline prices and inflation expectations
It has been considered self-evident until recently that oil prices drive inflation expectations, but new evidence calls into question this conclusion.
September 22, 2020