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Spring 2017 Economic Symposium

  • Date: 5/11/2017
  • Time: 11:00 AM - 1:30 PM
  • Location: Hyatt Regency Houston Hotel, 1200 Louisiana St., Houston, TX
  • Fee: $110/seat until April 14 / $125/seat after April 14 / $1100/table of 10
  • Contact: Patsy Woods
  • Email: pwoods@uh.edu

Details:

Spring 2017 Economic Symposium Thursday, May 11, 2017 Hyatt Regency Hotel, 1200 Louisiana Street, Houston, TX 77002 Dr. Robert W. "Bill" Gilmer will present: "Is the Oil Bust Really Over? And What Does It Mean for Houstonís Economic Outlook?" As this is written, Houstonís economic picture could not be more mixed. Rising oil prices in 2016 and early 2017 provided the economy with renewed momentum and growing optimism. The rig count has been rising strongly, local sales tax collections turned up, and the local purchasing managersí index indicates solid growth ahead. But we are waiting for energy jobs to return, oil prices just fell back under $50 per barrel, and concerns are expressed that U.S. oil producers are again chasing equity gains at the expense of fundamentals. Our Spring Economic Symposium asks if economic expansion is really underway. Or is it just another mirage like the summer of 2015? Houstonís economic problems since 2014 have been about the price of oil. The U.S. economy performed well, providing broad support to Houstonís non-oil businesses. Low natural gas prices stimulated a construction boom along the ship channel. Together, they have staved off any serious economic reversal in the face of the drilling downturn. This year, the chemical construction boom ends, and Houston needs a timely drilling rebound to offset thousands of lost construction jobs. In short, we need oil back at $65 per barrel, and quickly, along with investor confidence that it can stay there. Our local employment forecast to 2021 makes sense of this 2017 economic environment. As usual, residential and commercial real estate are a focus of the Symposium. High-end single-family markets already are anticipating an oil rebound. Apartment developers continue to dig themselves a deeper hole in 2017, as thousands of new units add to the multi-family glut. Houstonís office sector would benefit most from any rebound of oil-related jobs. Finally, we take stock of where we have been in the last two years. Given the severity of the recent downturn in oil, Houstonís economic performance exceeded all expectations. There was serious economic distress and no job growth since 2014, but there was no major downturn. How did that happen? Has a new era of diversification and relative economic stability dawned? Or do Houstonians still need to keep our seat belt fastened as the oil-market roller coaster roars on?

Event or Registration Link:

https://giving.uh.edu/IRF/

DayDateTimeEvent
Friday10/20/20176:00 PM - 9:00 PMBauer MBA & MS Alumni & Student Networking Mixer
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Thursday10/26/201710:30 AM - 3:00 PMVolunteer Fair
Friday11/3/20173:00 PM - 6:00 PMPES Career Fair
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Monday11/6/20178:30 AM - 4:30 PMMock Interview Week
Tuesday11/7/20178:30 AM - 4:30 PMMock Interview Week
Tuesday11/7/20175:30 PM - 7:30 PMTBLCP Alumni Panel and Networking Mixer
Wednesday11/8/20178:30 AM - 4:30 PMMock Interview Week
Thursday11/9/20178:30 AM - 4:30 PMMock Interview Week
Thursday11/9/20174:30 PM - 7:30 PMBauer EMBA Information Session / Class Visit
Friday11/10/20178:30 AM - 4:30 PMMock Interview Week
Tuesday11/14/20175:30 PM - 7:30 PMELASP for Transfers: End of the Semester Celebration!
Monday11/27/20174:30 PM - 7:30 PMBauer EMBA Information Session / Class Visit
Thursday11/30/20175:00 PM - 7:00 PMELASP for Freshmen: Ugly Holiday Sweater Shindig!
Saturday12/9/20176:00 PM - 9:00 PMMBA & MS Fall 2017 Graduation Dinner

Need to add an event to the Bauer Calendar?

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Jessica Navarro
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713-743-4348
jnavarro@bauer.uh.edu
(Email preferred)


Office of Communications
Melcher Hall Room 320G
University of Houston
Houston, TX 77204-6021


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