Institute For Regional Forecasting

Houston's Resource for Economic Developments,
Trends and Forecasting

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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.


Read the new article published
December 31, 2015:

Houston Economy in 2016: No Recovery in Oil Markets Brings Another Slow Year

Houston Update

Dr. Bill Gilmer has written an update on the economic outlook for Houston titled "Houston Economy in 2016: No Recovery in Oil Markets Brings Another Slow Year."


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.


Fall 2015 Symposium CD-Houston Is Available

Our fall symposium was held on November 12, 2015, at the Hyatt Regency Hotel. The subject of the symposium was "Houston Job Growth Stumbles As Oil Markets Swoon in 2015: Where Now?." The bi-annual publication of "CD-Houston" is available for sale. This CD includes Dr. Gilmer's PowerPoint slides along with his text for each slide. If you would like to purchase this CD, please use the online publications page or call our office at 713-743-3869.

Watch the Video: 2015 Fall Symposium


Dr. Bill Gilmer has written an update on the economic outlook for Houston titled "Houston Outlook Grows Darker as the Oil Downturn Becomes Deeper and Longer."


Texas Triangle: Economic Engine of the Southwest

Read the new article published Feb. 16, 2015:

Texas Triangle: Economic Engine of the Southwest

Just published by the Texas A&M University Real Estate Center: Texas' four largest metros (Dallas-Fort Worth, Houston, Austin and San Antonio) function as one large economic entity with each playing complementary roles. Together, they represent 68 percent of Texas jobs and 73 percent of the state's income.


Save the Dates

We have finalized the dates for our 2016 symposia. Both will be held at the Hyatt Regency Hotel, 1200 Louisiana, Houston, Texas in the Imperial Ballroom. The symposium topics will be announced at a later date along with registration information, but please make sure you save the date on your calendar:

  • Tuesday, May 17, 2016
  • Thursday, November 10, 2016

Contact Us

Program Manager

Patsy Woods
Phone: 713-743-3869
Email: pwoods@uh.edu
University of Houston
C. T. Bauer College Of Business
Institute for Regional Forecasting
4750 Calhoun Rd., Room 334
Houston, TX 77204-6021
www.bauer.uh.edu/irf

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Patsy Woods
Program Manager
Phone: 713-743-3869
Email: pwoods@uh.edu

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Jessica Navarro
Director, Communications
Phone: 713-743-4348
Email: jnavarro@bauer.uh.edu