Institute For Regional Forecasting

Houston's Resource for Economic Developments,
Trends and Forecasting

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Fall 2017 Economic Symposium

Our fall symposium Slow Growth Returns to Houston in 2017, Can We Bring Back the Oil Jobs in 2018? was held on Monday, Nov. 6, 2017, at the Hyatt Regency Hotel, 1200 Louisiana Street, Houston, Texas. Dr. Bill Gilmer, Director of the Institute for Regional Forecasting, was our speaker. We would like to thank our fall 2017 symposium sponsors and are grateful for their support. If you would like to purchase the Powerpoint presentation along with Dr. Gilmer's text, please order the CD by visiting our publications page.

Houston Update

Dr. Bill Gilmer has written an update on the economic outlook for Houston titled "A False Start for Oil Markets in 2017 Means Weak Prospects for Houston’s Economy"

Read the new article published
September, 2017:

Some Early Thoughts on Houston’s Economy after Harvey

Houston Update

Dr. Bill Gilmer has written an update on the economic outlook for Houston titled "Some Early Thoughts on Houston’s Economy after Harvey"

Spring 2017 Economic Symposium

The IRF's spring economic symposium was held on Thursday, May 11, 2017, at the Hyatt Regency Hotel. Dr. Robert W. "Bill" Gilmer spoke on the topic "Is the Oil Bust Really Over? And What Does It Mean For Houston?".

Our next symposium will be held on Monday, November 6, 2017. If you'd like to attend or become a sponsor please contact Patsy Woods.

Fall 2016 Symposium Video

The subject of the fall 2016 symposium was "Waiting on Oil Markets: Houston's Economy Seeks Direction"

Watch the Video: 2016 Fall Symposium


Econ 101 And The Oil Markets: Where Are We? And How Did We Get Here?

Forbes Blog Post | By Dr. Bill Gilmer

Forecasting the future is next to impossible. It is hard enough just to figure out where you are and how you got there. But I think we can find some perspective on current oil markets by applying the elementary logic of Econ 101 to the current price collapse. Throw in a few facts about the size of oil markets and how they work, apply a little informed speculation and we actually know a lot about where oil prices are and why – and even where prices are going. Read the full article.

Why Are Oil Prices So Hard To Forecast?

Forbes Blog Post | By Dr. Bill Gilmer

For the oil forecasting community, the most recent collapse in oil prices marks one more failure. The long trail of forecast errors includes the market implosions of 1982 and 1986, not seeing the run-up in commodity prices after 2004 and now missing the end of the same commodity boom. For those of us who depend on oil price forecasts, this is a big problem. Read the full article.

Upstream Bust Meets Downstream Boom In Houston:
The East Side Earns Some Respect

Forbes Blog Post | By Dr. Bill Gilmer

The oil industry divides itself between upstream exploration, production and oil services, and downstream refining and petrochemical operations that turn crude oil and natural gas into useful products. Since 1980, Houston’s upstream sector has been through five major downturns in drilling, all with adverse consequences for the local economy. The current drilling downturn — the worst since the 1980’s – has hit Houston’s West Side particularly hard. Read the full article.

Save the Dates

Spring 2018 Symposium: Thursday, May 17, 2018 (Tentative)

Fall 2018 Symposium: Thursday, November 15, 2018 (Tentative)

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Program Manager

Patsy Woods
Phone: 713-743-3869
University of Houston
C. T. Bauer College Of Business
Institute for Regional Forecasting
4750 Calhoun Rd., Room 334
Houston, TX 77204-6021

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Patsy Woods
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Phone: 713-743-3869

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