Dr. Edward W. Erickson

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  www.fayettevillenc.com/obj_stories/2002/mar/b03enron.sh - [Cached Version]
  Published on: 3/3/2002    Last Visited: 3/3/2002  

  Despite Enron's fall and California's power troubles, deregulation will happen in North Carolina, but it will do so in a slow, measured process, said Ed Erickson, professor of economics at N.C. State University.
  
  Enron will slow deregulation, but not to the extent the problems in California did.

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  home.uniondemocrat.com/news/story.cfm?story_no=25677 - [Cached Version]
  Published on: 2/5/2008    Last Visited: 2/6/2008  

  "Most retirement benefits have some adjustments in them," said Edward Erickson, professor of economics at California State University, Stanislaus, who also suggested that IRA and 401K savings will continue to show some gains.
  
  Though food costs have gone up, Erickson said, there are indications the cost of energy is starting to slip, which will bring food prices back down.
  
  Most retirees will not be affected by the housing downturn because they own their homes.
  
  When home prices decline, it won't have much of an effect on them, Erickson said, but it will affect folks who got mortgages or used their homes like ATM machines during the last five or six years , especially those who obtained sub-prime adjustable loans because of a shaky credit history.These loans usually carry a very low introductory rate, which then adjusts to much higher rates as soon as a year later.
  
  Those with standard mortgages won't be hurt if their payments don't adjust to levels beyond their ability to pay, Erickson said.
  
  That's because, if they remain in the home, the decline in value will have no effect.
  
  However, those who want to sell or are forced to move because of a job change will have to resign themselves to taking a loss.
  
  "They will have to use other funds to cover the shortfall," said Erickson, who believes sellers will not have trouble finding buyers when they price it to the market."There will always be buyers if the price is right."
  
  Erickson believes many buyers are sitting on the sidelines waiting for home prices to decline more.
  
  "Once prices stop falling, they are all going to jump," he said.
  
  Over the next year, Erickson said he sees moderate to small changes in the economy.
  
  "Everybody is going to feel some effects, but people who are not working may feel it a little more; it depends on what adjustments occur in their income," he said.

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  www.carolinajournal.com/jhdailyjournal/display_jhdailyj - [Cached Version]
  Published on: 3/16/2007    Last Visited: 3/16/2007  

  While at least one commission member is a highly qualified energy and environmental economist, Dr. Ed Erickson of N.C. State University, co-chairs Hackney and Garrou have not called on this expertise to head an investigation into any of the mandated issues related to economics.

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  www.carolinajournal.com/jhdailyjournal/display_jhdailyj - [Cached Version]
  Published on: 1/10/2007    Last Visited: 1/15/2008  

  These are among the lessons I gleaned from recent work by my friend Ed Erickson, professor emeritus in the Department of Economics at North Carolina State University.In a book chapter he's just completed, and during subsequent conversation, he pointed out that the clash between the economics of energy and the politics of environmental protection will create one of the most challenging problems of the coming decades."Reducing cardon dioxide emissions significantly will require dramatic changes in the way we organize our activities and live our lives," Erickson wrote.These changes will be expensive, and strongly resisted.Thus, policymakers should have a high level of certainty about the potential costs and benefits before mandating them.
  
  I hadn't seen the numbers on energy sources and consumption presented in such stark terms, so I asked Dr. Erickson if I could recycle them here (ha).
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  And growing crops to convert to gasoline additives would itself be controversial at the scale required - as Erickson writes, if the current U.S. corn crop was entirely converted into ethanol, that would replace only 20 percent of current gas use.

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  www.carolinajournal.com/exclusives/display_exclusive.ht - [Cached Version]
  Published on: 3/8/2006    Last Visited: 12/29/2008  

  "My take on what you said is for North Carolina to do anything significant in terms of what happens here would be all cost and no benefit," said Edward Erickson, an economics professor from North Carolina State University.

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  www.fayettevillenc.com/obj_stories/2001/oct/b21gas.shtm - [Cached Version]
  Published on: 10/21/2001    Last Visited: 10/23/2001  

  Gas prices could fall farther because of the slowdown in the airline industry , said Ed Erickson , professor of economics at N.C. State University.
  
  Airlines need less fuel because fewer people are flying.
  
  That lowers the cost of jet fuel.Jet fuel is similar to the oil-based fuel burned at power plants.
  
  ‘‘If companies are getting great buys on oil-based fuel , they will move everything they can in that direction , '' Erickson said.‘‘That reduces the demand for natural gas.''.
  
  Prices impact jobs.
  
  Not everyone is happy about the lower gas prices.
  
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  Gas prices have not reached historic lows , but the speed at which they fell is something of a first , Erickson said.‘‘The degree of volatility has been surprising to me , and I have been in this market for 30 years.''.
  
  Volatility is not a good thing for businesses , Smith said.‘‘Volatility scares the heck out of you.You wonder if you made a good choice switching to gas.
  
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  That's good news , but it won't cure the country's economy , Erickson said.
  
  Many economists believe that America is in a recession.Businesses in a recession don't do much expanding , even if energy prices are cheap , Erickson said.
  
  ‘‘The recession is the big joker.When you throw the recession in , it gets real complicated , '' he said.‘‘It won't overcome it , but it will offset it in part.And it will lay the foundation for the ultimate recovery.''.
  
  The Associated Press contributed to this article.

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  www.energypulse.net/centers/article/article_display.cfm - [Cached Version]
  Last Visited: 6/7/2008  

  Professor Edward W. Erickson (1985) stated that "Over the longer term, however moderate demand growth may be, it will confront an inexorable decline in the production capacity of currently proved reserves, combined with reserve additions that will on average be less than production.This is ultimately the receipt for a tightened market."The expression "on average" was unnecessary, because in l980-81 global discoveries were already less than global production for the first time since the opening of the modern ‘oil age', and the "moderate demand growth" he alluded to is now being dramatically boosted by the energy needs of China and India.
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  I do believe too many ivory tower folks believe that they can wave their magic wands and cause massive changes because they see it at some micro level and want to multiply it out to the vast level., but as our friend Edward teaches us, it is unwise to attempt vast scales things with half vast ideas.

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  www.carolinajournal.com/exclusives/display_exclusive.ht - [Cached Version]
  Published on: 10/10/2005    Last Visited: 12/29/2008  

  "We've got to see what the president pro tem and the speaker do in terms of their appointments," said Ed Erickson, an economics professor at North Carolina State University who specializes in research of global-oil and global-warming issues.

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  An Open Letter to Congress - [Cached Version]
  Published on: 1/1/1985    Last Visited: 8/19/2006  

  Edward W. Erickson, North Carolina State University

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  Beacon's Reach - [Cached Version]
  Published on: 11/28/2008    Last Visited: 11/28/2008  

  Dr. Edward Erickson
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  Ed Erickson, President
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  Ed Erickson, President

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