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Renewable energy jobs surge, though data differ on where and by how much
Better understanding of the workforce implications of rising electricity demand, particularly at the state and local levels, is critical to planning and anticipating its economic and policy impacts.
Batteries, solar help keep the lights on in Texas but more needed
Many Texas residents remain skeptical about the reliability of the electric grid since massive dayslong outages in February 2021. Notably, the power supply situation has since improved, with capacity added over the past two years, primarily from solar and a tripling of battery storage capacity.
Refinery outages pumping up fuel prices more than cost of crude oil
Even after the Iran conflict ends and the flow of crude oil through the Strait of Hormuz normalizes, U.S. fuel prices will likely remain unusually elevated relative to crude prices, owing to diminished refining operations. As a result, headline inflation measures could remain above where oil price trends would normally indicate for as long as a significant portion of global refining capacity stays offline.
Falling Oil Prices Drag Down U.S. Business Investment
The dramatic decline in the price of oil has led to massive investment reductions by U.S. oil and gas producers.
Don’t Expect U.S. Shale Producers to Respond Quickly to Geopolitical Disruption
Higher oil prices due to supply disruptions and increased geopolitical risk are unlikely to generate significantly more U.S. oil production in the short term.
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.
Cost of Texas’ 2021 Deep Freeze Justifies Weatherization
Our analysis indicates winterizing for extreme winter weather events appears financially reasonable.
Surging Renewable Energy in Texas Prompts Electricity Generation Adequacy Questions
With little investment taking place in new thermal generation, does the design of Texas’ electricity market provide enough incentive to develop capacity for future power needs?
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.
Don’t Look to Oil Companies to Lower High Retail Gasoline Prices
While U.S. retail gasoline prices in many regions have remained stubbornly high since March, this situation reflects frictions in the retail gasoline market rather than the supply of oil or the price of oil.