EPRINC and Macroeconomic Advisers Initiate Assessment of US Oil Price Decline
EPRINC and Macroeconomic Advisers are undertaking an assessment of the broad consequences to U.S. investment and economic growth from the rapid decline in oil prices. The attached paper by Joel Prakken of Macroeconomic Advisers examines two important forces at work from  the oil price decline — the expansion of the national economy and the concurrent reduction in investment in oil and gas extraction. The report concludes that the U.S. will likely see an expansion of economic growth, but it is attenuated by about one-third from lower investment in the U.S. petroleum industry.

MacroAdvisorsJan2015

EPRINC IS HIRING
EPRINC is seeking candidates to fill a full-time Communications Manager/Research Assistant position. The role involves a wide range of responsibilities, from expanding EPRINC’s outreach efforts and digital media presence to supporting its research efforts.  Read on for more details and contact information.
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Larry Goldstein: The Heart Wants What the Heart Wants

The heart wants what the heart wants, but like the Shadow, the market knows what the market knows, and markets are impatient. The next formal OPEC meeting is in June and there are some who believe that OPEC will wait until then to deal with the imbalance in the market between supply and demand. OPEC may want to wait but it will be the price set in the market that will dictate this calendar.

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