Figure F
Falling energy prices placed large drag on business investment in recent years: Investment in extractive industries and energy price growth, 2000–2016
| Extractive industry investment | Energy prices | |
|---|---|---|
| 2000 Q1 | 0.076029% | 0.224372% |
| 2000 Q2 | 0.121279 | 0.185549 |
| 2000 Q3 | 0.140225 | 0.169901 |
| 2000 Q4 | 0.107189 | 0.156058 |
| 2001 Q1 | 0.109726 | 0.103 |
| 2001 Q2 | 0.049921 | 0.095878 |
| 2001 Q3 | 0.07095 | 0.010388 |
| 2001 Q4 | -0.01866 | -0.10025 |
| 2002 Q1 | -0.13034 | -0.1428 |
| 2002 Q2 | -0.11094 | -0.10578 |
| 2002 Q3 | -0.11226 | -0.04708 |
| 2002 Q4 | -0.04834 | 0.080808 |
| 2003 Q1 | 0.065461 | 0.224829 |
| 2003 Q2 | 0.081494 | 0.085073 |
| 2003 Q3 | 0.093284 | 0.117517 |
| 2003 Q4 | 0.118235 | 0.085239 |
| 2004 Q1 | 0.077607 | 0.039156 |
| 2004 Q2 | 0.068681 | 0.124176 |
| 2004 Q3 | 0.066743 | 0.109489 |
| 2004 Q4 | 0.065897 | 0.18275 |
| 2005 Q1 | 0.105026 | 0.11492 |
| 2005 Q2 | 0.12119 | 0.1214 |
| 2005 Q3 | 0.087451 | 0.245636 |
| 2005 Q4 | 0.070206 | 0.202087 |
| 2006 Q1 | 0.090971 | 0.205211 |
| 2006 Q2 | 0.055683 | 0.216209 |
| 2006 Q3 | 0.035633 | 0.100047 |
| 2006 Q4 | 0.030679 | -0.03682 |
| 2007 Q1 | -0.03267 | 0.004106 |
| 2007 Q2 | -0.01396 | 0.039838 |
| 2007 Q3 | -0.00095 | 0.014596 |
| 2007 Q4 | -0.00475 | 0.19125 |
| 2008 Q1 | -0.01061 | 0.19572 |
| 2008 Q2 | -0.00818 | 0.201429 |
| 2008 Q3 | 0.008847 | 0.2762 |
| 2008 Q4 | -0.03245 | -0.08216 |
| 2009 Q1 | -0.10436 | -0.22452 |
| 2009 Q2 | -0.24143 | -0.26382 |
| 2009 Q3 | -0.29909 | -0.25302 |
| 2009 Q4 | -0.26373 | 0.022722 |
| 2010 Q1 | -0.10272 | 0.178414 |
| 2010 Q2 | 0.10665 | 0.124683 |
| 2010 Q3 | 0.230116 | 0.046934 |
| 2010 Q4 | 0.263957 | 0.064163 |
| 2011 Q1 | 0.18932 | 0.112368 |
| 2011 Q2 | 0.13681 | 0.214088 |
| 2011 Q3 | 0.175082 | 0.198344 |
| 2011 Q4 | 0.139929 | 0.119598 |
| 2012 Q1 | 0.157143 | 0.065426 |
| 2012 Q2 | 0.164561 | -0.0187 |
| 2012 Q3 | 0.080989 | -0.0096 |
| 2012 Q4 | 0.059826 | 0.022609 |
| 2013 Q1 | 0.045267 | 0.005055 |
| 2013 Q2 | 0.01199 | -0.01251 |
| 2013 Q3 | -0.00543 | -0.01216 |
| 2013 Q4 | 0.076338 | -0.02488 |
| 2014 Q1 | 0.035714 | 0.000168 |
| 2014 Q2 | 0.038928 | 0.030148 |
| 2014 Q3 | 0.122484 | 0.000661 |
| 2014 Q4 | 0.001087 | -0.06196 |
| 2015 Q1 | -0.02471 | -0.19917 |
| 2015 Q2 | -0.10453 | -0.17693 |
| 2015 Q3 | -0.20287 | -0.17206 |
| 2015 Q4 | -0.2158 | -0.15836 |
| 2016 Q1 | -0.24443 | -0.11693 |
| 2016 Q2 | -0.2265 | -0.10154 |
Source: Author’s analysis of data from Bureau of Economic Analysis (BEA) National Income and Product Accounts (NIPA) tables 5.3.6 and 2.3.4.a
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