Amrith Ramkumar
speaker
860 appearances
16 recordings
1 series
first heard May 2018
last heard Sep 2021
Amrith Ramkumar’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · What Lower Gas Prices Mean for Consumers-And Investors · 24 Feb 2020
podcast
The Energy Information Administration really recently projected that this winter, going from October to March, on average, the household primarily heated with natural gas.
That applies to about half of the U.S.
households.
The heating costs would drop about 8% from last winter.
So again, a pretty sizable drop.
Absolutely.
That angle is very interesting because it makes the economic impact of this trend much harder to analyze because while consumers are getting the benefits of this, the energy companies might not be.
Definitely the rise of the U.S., though, as the world's largest oil and gas producer, has made this possible for people in a lot of the country.
It's also important to note, though, that people in places like California and even on the East Coast might not see as many of these benefits because
due to a combination of limited pipeline infrastructure and pricing by energy companies, and of course, state and local gas taxes.
That's the hope, speaking to some economists.
It's really complicated, though, like I was saying before, looking at the impact on energy companies and then the expected dent from the coronavirus.
Consumer spending, also the rate of consumer spending, slowed in the fourth quarter.
So they are hoping that this gives consumers a bit more of a boost early in 2020, and that can keep U.S.
growth stable.
But we'll have to see as the fallout from the coronavirus continues to ripple across the globe.
Energy stocks have really struggled in the past several years.
In the past year or so, some of the biggest names like Exxon are down about 25% or so, and the S&P 500 is up more than 20% in that span.
investors are really having to grapple with this idea that energy stocks might just be used now as sort of a value play or a dividend play just because the future looks like there will be abundant supply of oil and natural gas moving forward.
And that's not even getting into the environmental concerns.
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