The Impact of Higher Natural Gas Prices on the Texas Economy

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Description

This report, by the University of North Texas Center for Economic Development and Research, discusses the economic effect of rising gas prices on the Texas economy. It surmises that although rising natural gas prices are a boon to gas drilling, production and distribution industries and their employees, the resulting higher costs to Texas industries and households more than offset any gains. Each $1 per MCF increase in the price of natural gas - if sustained - has the net effect of decreasing state economic activity by at least $3.4 billion per year, lowering total employment by more than 34,000, and ... continued below

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22 p.

Creation Information

Weinstein, Bernard L. & Clower, Terry L. July 2000.

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This report is part of the collection entitled: UNT Scholarly Works and was provided by UNT Center for Economic Development and Research to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 174 times . More information about this report can be viewed below.

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UNT Center for Economic Development and Research

The UNT Center for Economic Development and Research performs economic analysis and public policy research, providing forecasting and strategic planning services to businesses, governments, and non-profit organizations.

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Description

This report, by the University of North Texas Center for Economic Development and Research, discusses the economic effect of rising gas prices on the Texas economy. It surmises that although rising natural gas prices are a boon to gas drilling, production and distribution industries and their employees, the resulting higher costs to Texas industries and households more than offset any gains. Each $1 per MCF increase in the price of natural gas - if sustained - has the net effect of decreasing state economic activity by at least $3.4 billion per year, lowering total employment by more than 34,000, and reducing salaries and wages by $911 million.

Physical Description

22 p.

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UNT Scholarly Works

The Scholarly Works Collection is home to materials from the University of North Texas community's research, creative, and scholarly activities and serves as UNT's Open Access Repository. It brings together articles, papers, artwork, music, research data, reports, presentations, and other scholarly and creative products representing the expertise in our university community. Access to some items in this collection may be restricted.

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Creation Date

  • July 2000

Added to The UNT Digital Library

  • Jan. 5, 2011, 2:57 p.m.

Description Last Updated

  • May 6, 2016, 6:50 p.m.

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Weinstein, Bernard L. & Clower, Terry L. The Impact of Higher Natural Gas Prices on the Texas Economy, report, July 2000; (digital.library.unt.edu/ark:/67531/metadc30382/: accessed May 29, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Center for Economic Development and Research.