Hot and Dry
Column Published in syndication July 13, 2022

Virtually all of Texas is now abnormally dry. Comparisons to the bone-dry days of 2011 have begun, and it's not looking good. In fact, given the scope of the drought and the higher costs of inputs, agricultural losses across the state are likely to top 2011's record $7.6 billion total.

An Initial Step Forward
Column Published in syndication July 06, 2022

After agreeing not to support any new fossil fuel investments with public dollars after 2022, the G-7 has backtracked and decided to facilitate development of liquified natural gas (LNG) infrastructure. The G-7 provides a forum for leaders of the seven nations with the largest developed economies (as well as the European Union as a non-enumerated member) to discuss key issues and policies. Although this action is regarded as quite controversial by many, it's the right move at a critical time.

Pain at the Pump
Column Published in syndication June 29, 2022

The price of gasoline remains elevated, with the national average briefly surpassing $5 per gallon before retreating modestly. In parts of the country (particularly those distant from refineries), it's already well above that level. Unfortunately, I think that prices will generally stay relatively high through the summer driving season before abating to some extent.

Working
Column Published in syndication June 22, 2022

May was another solid month for the Texas job market, with the state posting by far the largest gain across the nation (+74,200), well above California (+42,900) and New York (+26,800). Texas was also near the top in percentage increase, an unusual feat for such a large state.

Confidence
Column Published in syndication June 15, 2022

The latest surveys of consumers indicate that, as a whole, we are becoming a less optimistic lot. Because our spending on goods and services normally represents around 70% of the economy, that is a source of some concern (although, strangely, our confidence level and our outlays have not been particularly correlated over time).

Changing Channel
Column Published in syndication June 08, 2022

A few years ago, I was asked to name the major events that shaped the Texas we know today. High on the list was the development of Allen's Landing and the Port of Houston during the early days of the Republic and the subsequent efforts at the dawn of the twentieth century to develop a deep-water channel in the area just as the oil industry was emerging. Without this critical infrastructure, Texas could not have become a vital hub of global commerce. I am tempted to say "and the rest is history" – but, in reality, it is also the future.

Why is the Houston ship channel so significant?
Radio Spot Broadcast via Texas State Networks on June 08, 2022

Dr. Perryman describes why the expansion of this channel is a good sign for Texas. 

How is the Fed trying to reduce inflation?
Radio Spot Broadcast via Texas State Networks on June 07, 2022

Dr. Perryman explains how the institution will adjust their balance sheet in light of high inflation. 

Embargo
Column Published in syndication June 01, 2022

The European Union (EU) has announced a partial embargo on Russian oil in response to the invasion of Ukraine. By yearend, about 90% of Russian oil import volumes could be affected. It's a major blow to Moscow, which relies on oil and natural gas sales for economic sustainability.

How strong was the May jobs report?
Radio Spot Broadcast via Texas State Networks on June 06, 2022

Dr. Perryman indicates some key factors contributing to economic growth.