Last updated on: 11/18/2011 | Author:

Timothy J. Considine, PhD Biography

Director of the Center for Energy Economics and Public Policy at the University of Wyoming
Con to the question "Can Alternative Energy Effectively Replace Fossil Fuels?"

“Producing natural gas requires exploration, leasing, drilling, and pipeline construction. These activities generate additional business for other sectors of the economy. For example, leasing requires real estate and legal services. Exploration crews purchase supplies, stay at hotels, and dine at local restaurants. Site preparation requires engineering studies, heavy equipment and aggregates. Drilling activity generates considerable business for trucking firms and well-support companies… that in turn buy supplies, such as fuel, pipe, drilling materials, and other goods and services. Likewise, construction of pipelines requires steel, aggregates, and the services of engineering construction firms. Collectively, these business-to-business transactions create successive rounds of spending and re-spending throughout the economy. These higher sales generate greater sales tax revenues. Moreover, as businesses experience greater sales they hire additional workers. Greater employment increases income and generates higher income tax revenues.”

“The Pennsylvania Marcellus Natural Gas Industry: Status, Economic Impacts, and Future Potential,” University of Wyoming Press, July 20, 2011

Involvement and Affiliations:
  • Director, Center for Energy Economics and Public Policy, University of Wyoming, 2008-present
  • School of Energy Resources (SER) Professor of Economics, Department of Economics and Finance, University of Wyoming, 2008-present
  • Professor of Natural Resource Economics, Pennsylvania State University, 1986-2008
  • Economist, Bank of America, 1983-1986
  • Lead analyst for natural gas deregulation, US Congressional Budget Office (CBO), 1981-1983
  • PhD, Cornell University, 1981
  • MS, Agricultural Economics, Purdue University, 1977
  • BA, Economics, Loyola University of Chicago, 1975
  • The US Department of Energy’s Office of the Strategic Petroleum Reserve currently uses Dr. Considine’s econometric model of world crude oil markets to estimate the market impacts of various management policies.
  • Dr. Considine teaches two courses titled “Oil: Business, Culture, and Power” and “Applied Econometrics” at the University of Wyoming.
  • Recipient of the Gilbert White Fellowship at Resources for the Future, the Lucent Technology Industrial Ecology Fellowship, and an American Statistical Association Fellowship
  • Recipient of the Silbert Award for best economic forecast in 1986
  • Recipient of an Outstanding Service Award from the US Congressional Budget Office
Quoted in:
  1. Should the US Use Fracking (Hydraulic Fracturing) to Extract Natural Gas?