%------------------------------------------------
\begin{frame}{Key Questions}
	\textbf{What are the long term regional welfare changes that can be expected as Bitcoin mining becomes a coproduct of oil?}
	\begin{enumerate}
		\item{How much extra revenue will oil producers receive?}
		\item{How will levels of drilling change?}
		\item{How will the location of of drilling change?}
	\end{enumerate}
\end{frame}

\begin{frame}{Strategy}
    \begin{itemize}
	    \item{Identify the incentives}
		\begin{itemize}
			\item{Microeconomics model of Bitcoin mining}
			\item{Upstream oil production model}


		\end{itemize}
 	\pause
\item{Find regional variation of the incentives}
		\begin{itemize}
			\item{Collect well attribute data}
			\item{Estimate of gas produced in oil wells}
			\item{Identify wells that do not have a gas pipeline}
		\end{itemize}
 	\pause
\item{Identify responses of oil producers in each region} 
		\begin{itemize}
		\item{Estimate response to oil and gas price changes}
			\item{Econometric estimates at the state-basin level of elasticity of supply}
			\item{Forecast new wells \& oil production}
		\end{itemize}
 	\pause
\item{\emph{Future Work:} Estimate other welfare changes }
		\begin{itemize}
			\item{Engineering based pollution estimates}
			\item{Local externality counterfactual}
		\end{itemize}
\end{itemize}
%\textbf{Results in counterfactual oil production by geologic basin and state, in key metrics.}
\end{frame}
