Dr. Perryman discusses the role of renewables and how Texas has increased production.
Dr. Perryman predicts the economic impact for the state's economy and positioning moving forward.
Oil prices are touching an altitude not seen since the spike in summer 2008, pushing gasoline prices into uncharted territory and raising other costs in their wake. The situation in Ukraine and efforts by financial markets to predict it are driving the immediate spurt in prices, but even before Russia invaded, prices were trending upward as the global economy rebounded from COVID-19 and demand rose faster than supply.
As we turn the page to a new year, I am relieved to say that from an economic perspective, things are definitely looking up. There are clearly challenges ahead, but this year should bring improvement in significant ways. Let's take a quick look at progress made and obstacles faced in 2021.