Loren C. Scott
Economics Expert
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President of Loren C. Scott & Associates, Inc., a 34-year old economic consulting firm whose clients include such large national firms as BP, Capital One Financial, Entergy, ExxonMobil, J.P. Morgan Chase, Nucor, Sasol, Chesapeake Energy, and a diversity of others.
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Dr. Scott is the President of Loren C. Scott & Associates, Inc., a 34-year old economic consulting firm whose clients include such large national firms as BP, Capital One Financial, Entergy, ExxonMobil, J.P. Morgan Chase, Nucor, Sasol, Chesapeake Energy, and a diversity of others. He is one of the 32-member National Business Economic Issues Council, which meets quarterly to discuss issues of state, national, and international interest. This group has experts who cover international trade, Washington economic policy, retail trade, trucking, steel, chemicals, etc. Dr. Scott is an energy specialist on the NBEIC. He has been appointed to the Economic Advisory Board of the U.S. Council on Competitiveness—a group made up of the CEOs of the Fortune 100, top university presidents and presidents of three major unions. He has been interviewed on CNBC, MSNBC, and Bloomberg TV, in addition to several local TV stations, and his work has been cited in such publications as the Wall Street Journal, the Los Angles Times, the New York Times, USA Today, and the Financial Times, to name a few. His career started at Louisiana State University in 1969 where he spent the next 33 years, rising through the ranks from assistant professor to the prestigious Freeport McMoran Endowed Chair of Economics and the Director of the Division of Economic Development and Forecasting. Over the thirteen-year period from 1983-96, he was the chairman of the Economics Department at LSU. During that time, the Department’s ranking among the 3,000 economics departments in the U.S. rose from 101st to 38th. He is presently Professor Emeritus at LSU. He received 7 awards at LSU for outstanding classroom teaching. He gives 50-70 speeches a year on the state of the economy.
What is the outlook for the economy over the next two years? Why has the post-Great Recession recovery been so weak? How have the policies flowing out of Washington impacted the economy? What about the federal deficit? Should the focus be more on increases in tax rates or reducing government spending? Is the relationship between tax rates and tax revenues as simple as the general public believes? Why didn’t Federal Reserve policies jump start the economy? What are the prospects for inflation and what is the connection between inflation and prospects for interest rates?
Why is there reason for optimism over the longer haul?
In this speech we examine in detail the energy market. Why have natural gas prices come down from double digit levels just a few years ago? Why is there an “economic civil war” going on between producers and users of natural gas? What is the evidence on the impact of “fracking” on water supplies? Why are billions being spent to convert LNG import terminals into export terminals? What is the connection to the widening of the Panama Canal and the Japanese tsunami? How has this “fracking’ technique impacted the supply of oil in the U.S.? Why is it that for the first time West Texas Intermediate crude is selling well below other world prices? Where is activity in the Gulf of Mexico since the BP spill? How does the deep water pipeline grid affect the U.S. barge and shipbuilding industry? Why is the confidence range around any oil price forecast so wide? What is the Bakken Play and how important is it to energy independence in the U.S.? How can we reasonably assess “green” energy activities such as wind and solar?
Can be combined with “Gazing into the Crystal ball: The Outlook for the Economy”.
Dr. Scott keeps up with several state economies in the South including Louisiana, Mississippi, Alabama, Arkansas, and parts of Texas and can provide forecasts and overviews of the economies of these states.
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