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Higher Oil Prices

Ryan Lackey/flickr

Though oil prices remain low by longer-term historical standards, they are considerably higher than they were in early 2016. Those higher prices have unleashed a surge in investment among U.S. shale producers, which are collecting boosting their drilling budgets ten times faster than the balance of the world. 

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.