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alex 2022-11-11 11:58:11 -07:00
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Bitcoin/Sections/Conclusion.tex
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%------------------------------------------------ %------------------------------------------------
\begin{frame}{Conclusion} \begin{frame}{Conclusion}
% The market for Bitcoin can create a new coproduct in oil production, acting like a subsidy. The revenue increase is sensitive to the price of Bitcoin but is likely to persist even if the price of Bitcoin drops.
% There is spatial variation in the size of the subsidy to oil production. The effect is predicted to shift the location of wells generally north, to lower population and higher GOR states.
% Bitcoin mining is starting to be used to increase the profits of oil wells in remote areas. States like Wyoming could see an increase in oil production of \(\approx 1.4\%\) Thethe U.S. has a lower average effect.
Bitcoin miners are starting to use flared natural gas as an affordable source of electricity. This will have long run impact on the oil market. Bitcoin miners are starting to use flared natural gas as an affordable source of electricity. This will have long run impact on the oil market.
\begin{itemize} \begin{itemize}
% \item{Bitcoin mining can become a coproduct to oil production} % \item{Bitcoin mining can become a coproduct to oil production}
\item{The price of Bitcoin affects the price paid for the natural gas} \item{The price of Bitcoin affects the price paid for the natural gas}
\item{A subsiidy effect will persist even when Bitcoin prices are low} \item{A subsidy effect will persist even when Bitcoin prices are low}
\item{The profitability depends on geology} \item{The profitability depends on geology}
\item{Bitcoin mining will disproportionately affect states like Wyoming and North Dakota} \item{Bitcoin mining will disproportionately affect states like Wyoming and North Dakota}
\end{itemize} \end{itemize}