Full Title: The Texas Oil & Gas Association’s Quarterly Energy Economics Review
Author(s): Texas Oil and Gas Association
Publisher(s): Texas Oil and Gas Association
Publication Date: December 16, 2024
Full Text: Download Resource
Description (excerpt):
The Texas Oil & Gas Association’s (TXOGA) Quarterly Energy Economics Review has evolved into a flagship publication for the oil and natural gas industry, offering actionable insights by translating economic developments into practical implications for our members and stakeholders interested in energy market fundamentals.
As of this writing, the global economy is navigating a rare combination of economic dynamics. Abundant liquidity and low interest rates are fueling asset price appreciation, yet significant risks and uncertainties are simultaneously driving demand for defensive assets. Only a few periods in modern history—the economic downturn (marked by high inflation and unemployment, “stagflation”) in the 1970s, the Dot-Com Bubble (1990–2000), the post-Great Financial Crisis recovery (2010–2011), and the COVID-19 pandemic (2020–2021)—have seen similar dual valuations of both risky and defensive assets.
The global economy in 2024 is larger than ever, with official projections suggesting annual growth of 2.8% in both 2025 and 2026, consistent with historical averages. Rather than a “soft landing,” this scenario resembles a “no landing” trajectory, where growth continues unimpeded barring unexpected shocks. A broad range of economic indicators supports this optimistic view.