A few weeks ago, I wrote about how most people born in Texas stay in Texas. According to Census data, over 82% of people born in Texas and still living in the United States have remained here (as of 2021). The Texas proportion of people staying put is considerably higher than any other state. This week, let's look at things from other directions.
Dr. Perrymand discusses how the war between Israel and Hamas could impact the economy.
The US Energy Information Administration recently released its long-term projections for global fuel demand. The International Energy Outlook 2023 (IEO2023) looks at long-term energy trends across the world through 2050. It includes seven scenarios with widely varying assumptions regarding economic growth, zero-carbon technology costs, and oil prices. Of particular relevance to the Texas economy, every case indicates higher worldwide consumption of oil and natural gas in 2050 than in 2022.
Dr. Perryman discusses how the US economy performed in the third quarter.
The University of Texas Permian Basin (UTPB or UT Permian Basin), now in its 50th year of operation, is the only four-year university in the area and provides the Permian Basin and beyond with qualified graduates and significant economic stimuli. The University serves a diverse student population and provides important cultural and professional resources for students, staff, and the surrounding community. The University prides itself on "thinking large and living local," which has direct economic and societal implications for the local graduates and the surrounding area.
The University of Texas Permian Basin (UTPB or UT Permian Basin), now in its 50th year of operation, is the only four-year university in the area, providing local students with educational opportunities and the Permian Basin and beyond with qualified graduates. The University serves a diverse student population and offers important cultural and professional resources for students, staff, and the surrounding community. Through fulfilling its primary role, UTPB also generates notable gains in business activity.
Many types of infrastructure, including electricity and telephones, started out as luxuries but quickly became essential as deployment spread. Just a few years ago, broadband internet access was viewed as a convenience. Mediocre speeds were sufficient for most tasks, and anything beyond that only came in handy to allow movies to stream with fewer glitches. That time, however, has long passed.
Dr. Perryman discusses the importance of US trade with Mexico and that Laredo is the largest port in terms of trade volume in the US.
The Nobel Memorial Prize in Economics for this year has been awarded to American Claudia Goldin of Harvard University for her work in explaining changes in women's earnings and participation in the labor market. Dr. Goldin examined more than 200 years of data (much of it gathered through painstaking sleuthing through obscure sources) to identify the causes of changes and the primary forces behind the lingering gender pay gap.