ECONOMIC AND ENERGY OUTLOOK FOR 2018: KEEP ON TRUCKIN’ Presentation to North Dallas Chamber of Commerce Economic Outlook Breakfast By Bernard L. Weinstein, Ph.D. Associate Director, Maguire Energy Institute Cox School of Business Southern Methodist University Dallas, Texas January 12, 2018
U.S. EMPLOYMENT GROWTH 1940-2017
2007-2017
DOES POPULATION DRIVE THE ECONOMY? OR DOES THE ECONOMY DRIVE POPULATION?
CALIFORNIA, HERE I GO
EXPORTS AND ENERGY: CRITICAL TO TEXAS’ CONTINUED ECONOMIC SUCCESS
“Lord, just give me one more oil boom, and this time I promise I won’t piss it away.” -----J.R. Ewing?
CRUDE OIL PRICE REACHES 3-YEAR HIGH
Approved Export Terminals for LNG EIA projects U.S. to be net exporter of natural gas for the first time this year.
CHENIERE LNG FACILITY UNDER CONSTRUCTION IN CORPUS CHRISTI
TANKERS LOADING LNG AT SABINE PASS
THE BATTLE CONTINUES
LET’S KILL ALL THE PIPELINES!
PROTESTING AN LNG EXPORT TERMINAL IN OREGON
FOSSIL FUELS AREN’T GOING AWAY ANY TIME SOON
THE BENEFITS OF AMERICA’S NEWFOUND ENERGY ABUNDANCE • Gives a competitive edge to our energy-intensive manufacturing industries • Reduces the percent of disposable income households spend on energy • A diverse portfolio of energy resources helps insulate us from commodity cycles and global political disruptions • Our diverse energy mix is largely responsible for improvements in air quality • Being an energy super-power gives us tremendous economic and political leverage, if we use that dominance wisely
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