Happy New Year! There is nothing more enticing to economists than the virtual sound of data and analytics. The new year will bring forth engaging trends to monitor and analyze, especially in light of the emerging slowdown in global economic growth as well as subdued inflation in most countries as energy prices retreat.
Energy economics surrounds us each day in the myriad of economic statistical releases, reports, and conferences. This year will be important to stay up-to-date on incoming data on many of the energy economics data releases. For example, did you know that coal consumption has dropped this much? The Energy Information Administration (EIA) reports that coal consumption in the U.S. is back to levels not seen since the early 1980s, even though the U.S. economy is over 600% larger today than 28 years ago. The EIA is the darling of energy economists who rely on the independent, high quality, statistical snow storm of data.
Back to the Energy Economics calendar published by the University of Michigan Energy Institute (see link below). For the 2nd year, we have compiled a monthly calendar with links to any and all statistical releases by government agencies, multilateral organizations (e.g., International Energy Agency), and companies who compile and release updates on energy economic trends. Admittedly, the calendar user must have some knowledge of what to look for on some of these statistical releases. If you are interested in energy jobs, for example, the monthly employment report issued by the Bureau of Labor Statistics will not provide “a number.” It will provide data on jobs and wages in oil and gas extraction, with other jobs, such as solar panel installers and data scientists for renewables, are embedded in broader occupational aggregates.
Active links to each of the statistical releases does allow you to jump quickly to the source of the data and to peruse the details of any update. New this year is a tab at the end which highlights data releases which are subject to availability, i.e., are not on a routine cadence. It also lists some interesting energy economics conferences slated for the year ahead.
Please send us your comments and suggestions — we will update as new and better information comes into our portal.