How Important Are Oil and Gas to the U.S. Economy?
March 19, 2015
At a recent Dialogue with the Fed presentation, Mine Kuban Yücel, senior vice president and the director of research at the Federal Reserve Bank of Dallas, presented her research into the dynamics of oil prices in the U.S. economy. One of the areas she examined was the percentage of employment and GDP attributed to the oil and gas industries.
Additional Resources
- Dialogue with the Fed: Plunging Crude Prices: Impact on U.S. and State Economies
- On the Economy: Are Oil Price Declines Good for the Economy?
- On the Economy: Oil Prices: Is Supply or Demand behind the Slump?
Citation
"How Important Are Oil and Gas to the U.S. Economy?," St. Louis Fed On the Economy, March 19, 2015.
This blog offers commentary, analysis and data from our economists and experts. Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.
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