The Road to Autonomy Episode 278 | Autonomy Economy: Energy Revolution: How Texas is Driving Global Oil, Gas, and AI Innovation
Dean Foreman, Chief Economist, Texas Oil & Gas Association joined Grayson Brulte on The Autonomy Economy podcast to discuss the current state the U.S. economy and the global oil and natural gas markets.
Consumer debt in the U.S. is rising and that could have potential impacts on GDP. While the economic picture in the U.S. is uncertain at the moment, global oil demand is projected to reach 104.1 million barrels per day this year. Demand is partly being driven by emerging markets.
Then there is Texas, which continues to export oil to the world, while having a $720 billion impact on GDP. Texas is not just an oil state anymore, even though 30% of the state’s private sector is employed by the oil and natural gas industry, it is now becoming a high-tech state as it has begun to integrate AI, automation and autonomy into the sector’s operations.
Recorded on Monday, February 24, 2025
Episode Chapters
0:00 Health of the U.S. Consumer
5:57 Liquid Natural Gas Market
11:00 Data Centers
15:32 European Gas
18:51 U.S. Oil Imports
24:45 Heavy Crude
26:53 Growing Global Oil Demand & Geopolitics
29:50 Permian Basin
33:34 Impact of the Oil & Natural Gas Industry on Texas' Economy
35:29 Quarterly Outlook
--------
About The Road to Autonomy
The Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™.
Sign up for This Week in The Autonomy Economy newsletter: https://www.roadtoautonomy.com/autonomy-economy/
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.