The U.S. government has a good idea of where oil prices are headed and why, but the demand side is less clear. So the U.S. Energy Information Administration (EIA), a part of the Department of Energy that collects and distributes data on energy and the economy, recruited Notre Dame economist Christiane Baumeister to develop an indicator for future energy demand. With a two-year, $120,000 grant, she’ll collect data on possible determinants of oil demand and create models to figure out which of those factors actually determine future demand. Having that information, she said, tells us about more than just oil.
Why researching and understanding the economics of the family is essential for government and military policy.
The past year has been one of highs and lows for our department.