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

View the underlying data on epi.org.