Expert Pitch
Texas Tech University

Economics Expert: Combination of Coronavirus Uncertainty, Oil Crash Could Be Severe

9-Mar-2020 5:20 PM EDT, by Texas Tech University

With the global economy already slowing over coronavirus uncertainty, oil markets and stocks plunged even further Monday morning (March 9) after Saudi Arabia launched a price war against Russia over the weekend, dissolving their OPEC+ alliance. 

Michael Noel, a competition economist and associate professor of economics at Texas Tech University, is available to discuss the situation. 

His research focuses on price fixing, collective dominance, coordinated behavior, predatory pricing, price discrimination, market definition, mergers, vertical contracts, damages and regulatory issues. He pioneered the now-large professional literature on price cycles and price volatility in gasoline markets and is internationally known as a leading competition expert in the industry. 

Expert

Michael Noel, associate professor of economics 

Talking points

  • The stock market’s record volatility in recent days reflects extreme uncertainty about how widely the coronavirus outbreak will spread.
  • If it continues to spread, the economic consequences could be more severe in the short run than during the Great Recession or the period after 9/11.
  • The outcome likely depends on how quickly the virus can be contained, either by taking extreme precautions now or extreme measures later.
  • Empty streets in major American cities are a possibility.
  • The oil price crash and OPEC+ turmoil are good for consumers, if they have the chance to benefit from it, but bad for Texas producers.




Filters close

Showing results

110 of 5636
Released: 13-May-2021 7:05 PM EDT
FLCCC Statement on the Irregular Actions of Public Health Agencies & the Disinformation Campaign Against Ivermectin
Front Line COVID-19 Critical Care Alliance (FLCCC Alliance)

FLCCC Alliance calls for whistleblower to step forward from within WHO, the FDA, the NIH, Merck, or Unitaid to counter this misrepresentation

Newswise: shutterstock_1724336896.jpg
Released: 13-May-2021 12:55 PM EDT
Kreuter receives $1.9 million in grants to increase vaccinations in St. Louis
Washington University in St. Louis

Matthew Kreuter, the Kahn Family Professor of Public Health at the Brown School, has received $1.9 million in grants to help increase COVID-19 vaccinations among Blacks in St. Louis City and County.

Released: 13-May-2021 11:35 AM EDT
COVID-19 mRNA Vaccines are Immunogenic in Pregnant and Lactating Women, Including Against Viral Variants
Beth Israel Deaconess Medical Center

In a new study from Beth Israel Deaconess Medical Center researchers evaluated the immunogenicity of COVID-19 mRNA vaccines in pregnant and lactating women who received either the Pfizer or Moderna COVID-19 vaccines. They found that both vaccines triggered immune responses in pregnant and lactating women.

Released: 13-May-2021 10:30 AM EDT
Pandemic stigma: Foreigners, doctors wrongly targeted for COVID-19 spread in India
Monash University

The Indian public blamed foreigners, minority groups and doctors for the rapid spread of COVID-19 across the country during the first wave, due to misinformation, rumour and long-held discriminatory beliefs, according to an international study led by Monash University.

Released: 13-May-2021 9:15 AM EDT
28 Community Programs Receive Grants Through Penn Medicine CAREs Program
Perelman School of Medicine at the University of Pennsylvania

Penn Medicine CAREs awarded grants to 28 projects, many of which aim to fill vast needs in the community created by the COVID-19 pandemic, while others seek to improve diversity, equity, and inclusion.

Released: 13-May-2021 9:00 AM EDT
How to Win Over Vaccine Skeptics: Live Expert Panel for May 20, 3pm ET
Newswise

How to Win Over Vaccine Skeptics: Live Expert Panel for May 20, 3pm ET

Released: 13-May-2021 8:00 AM EDT
Dental procedures during pandemic are no riskier than a drink of water
Ohio State University

A new study’s findings dispel the misconception that patients and providers are at high risk of catching COVID-19 at the dentist’s office.

Newswise:Video Embedded lung-damage-not-the-culprit-for-post-covid-exercise-limitations
VIDEO
Released: 13-May-2021 7:00 AM EDT
Lung Damage Not the Culprit for Post-COVID Exercise Limitations
American Physiological Society (APS)

A new study suggests the lungs may not be the main factor that reduce exercise ability in people recovering from severe COVID-19. Anemia and muscle dysfunction also play a role. The study is published ahead of print in the Journal of Applied Physiology. It was chosen as an APSselect article for May.


Showing results

110 of 5636

close
2.11097