The impact of changes in crude oil prices and offshore oil production on the economic performance of U.S. Coastal Gulf States.

From: The Energy Journal | Date: April 1, 2004| Author: Iledare, Omowumi; Olatubi, Williams O. | Copyright information

This paper investigates the effects of changes in crude oil prices and offshore oil and gas production on the economic performance of U.S. Coastal Gulf States--Texas, Louisiana, Alabama and Mississippi. The empirical results do not provide statistical evidence to reject the hypothesis that positive shocks to oil and gas prices and production variation increase the economic performance of these coastal Gulf States. However, the magnitude of the response to changes in prices varies a...

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