Lots of spelling and grammar fixes
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\section{Introduction \& Overview}
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\section{Introduction \& Overview}
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\input{./Sections/Intro.tex}
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\input{./Sections/Intro.tex}
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\input{./Sections/About_me.tex}
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\input{./Sections/About_me.tex}
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\input{./Sections/Other_Research.tex}
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\section{Background}
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\section{Background}
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\input{./Sections/Background.tex}
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\input{./Sections/Background.tex}
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\input{./Sections/Key_Questions.tex}
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\input{./Sections/Key_Questions.tex}
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@ -4,8 +4,9 @@
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\column{.45\textwidth} % Left column and width
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\column{.45\textwidth} % Left column and width
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\textbf{Experience}
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\textbf{Experience}
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\begin{itemize}
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\begin{itemize}
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\item PhD candidate in Mineral and Energy Economics at CSM
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\item PhD candidate in Mineral and\newline Energy Economics % at Colorado School of Mines
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\item Petroleum Engineering B.S
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\item Energy and Mineral Economics, M.S.
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\item Petroleum Engineering, B.S.
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\item Worked as a data analyst for oil companies
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\item Worked as a data analyst for oil companies
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\end{itemize}
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\end{itemize}
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\textbf{Personal}
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\textbf{Personal}
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@ -17,31 +18,6 @@
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\column{.5\textwidth} % Right column and width
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\column{.5\textwidth} % Right column and width
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\includegraphics[width=\columnwidth,height=\textheight,keepaspectratio]{./img/fish.jpg}
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\includegraphics[width=\columnwidth,height=\textheight,keepaspectratio]{./img/fish.jpg}
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Cutbow caught at Rocky Mountain National Park
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Cutbow caught at Rocky Mountain National park
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\end{columns}
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\end{columns}
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\end{frame}
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\end{frame}
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\begin{frame}{Other research}
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\begin{columns}[c] % The "c" option specifies centered vertical alignment while the "t" option is used for top vertical alignment
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\column{.45\textwidth} % Left column and width
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\textbf{Previous Topics of Research}
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\begin{itemize}
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\item{Ground water with USDA grant\footnote{(loos et al.,2022)}}
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\item{Critical materials}
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\item{Wind energy (economics and engineering)}
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\item{CGE and electricty grids}
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\item{Instituional economics in resource management}
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\end{itemize}
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\column{.5\textwidth} % Right column and width
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\includegraphics[width=\columnwidth,height=\textheight,keepaspectratio]{./img/SLV_Map.png}
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\end{columns}
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\end{frame}
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\end{itemize}
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\end{itemize}
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\column{.5\textwidth} % Right column and width
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\column{.5\textwidth} % Right column and width
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Percentage of US Flaring by State
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Percentage of U.S. Flaring by State
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\includegraphics[width=\columnwidth,height=\textheight,keepaspectratio]{./img/flared.jpeg}
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\includegraphics[width=\columnwidth,height=\textheight,keepaspectratio]{./img/flared.jpeg}
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Filler: Include heat map of US flaring
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Filler: Include heat map of U.S. flaring
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\end{columns}
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\end{columns}
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%------------------------------------------------
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%------------------------------------------------
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\begin{frame}{Conclusion}
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\begin{frame}{Conclusion}
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The market for Bitcoin can create a new co-product in oil production, acting like a subsidy. The revenue increase is senteive to the price of bitcoin but is likley to persist even if the price of bitcoin becomes drops.
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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.
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\newline
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\newline
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There is spatial variation in the size of the subsidy to oil production. The effect is predicted to shift the location of wells genreally north, to lower population and higher GOR states.
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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.
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\newline
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\newline
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Prelminary results show that state like Wyoming could see an increase in oil production of \(\approx 1.4\%\) due to the subisdy effect, while the US has a lower average effect
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Preliminary results show that states like Wyoming could see an increase in oil production of \(\approx 1.4\%\) due to the subsidy effect, while the U.S. has a lower average effect.
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\end{frame}
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\end{frame}
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@ -3,23 +3,20 @@
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\begin{enumerate}
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\begin{enumerate}
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\item{Enverus}
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\item{Enverus}
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\begin{itemize}
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\begin{itemize}
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\item{U.S. Well Data}
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\item{U.S. well data}
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\item{Gas Hookup Company}
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\item{Gas hookup company}
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\item{SPUD Date}
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\item{SPUD date}
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\end{itemize}
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\end{itemize}
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\item{Energy Information Administrations}
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\item{Energy Information Administrations}
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\begin{itemize}
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\begin{itemize}
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\item{Population weighted coooling degree days (CDD)}
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\item{Population weighted cooling degree days (CDD)}
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\item{Population weighted heating degree days (HDD)}
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\item{Population weighted heating degree days (HDD)}
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\item{Storage Levels}
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\item{Storage Levels}
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\item{Price data}
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\item{Price data}
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\end{itemize}
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\end{itemize}
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\item{National Oceanic and Atmospheric Administration}
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\item{National Oceanic and Atmospheric Administration}
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\begin{itemize}
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\begin{itemize}
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\item{Disaster Events}
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\item{Disaster events}
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\end{itemize}
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\end{itemize}
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\end{enumerate}
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\end{enumerate}
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\end{frame}
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\end{frame}
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\begin{frame}{Mechanisms}
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\begin{frame}{Mechanisms}
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Bitcoin miners that pay for flared gas subsidize oil produciton
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Bitcoin miners that pay for flared gas subsidize oil production
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\newline
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\newline
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\newline
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\newline
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\textbf{Direct Effects}
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\textbf{Direct Effects}
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\begin{enumerate}
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\begin{enumerate}
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\item{More drilling}
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\item{More drilling}
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\item{Diffrent location of wells}
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\item{Different location of wells}
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\item{Bitcoin Miners clean the gas}
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\item{Bitcoin Miners clean the gas}
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\end{enumerate}
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\end{enumerate}
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\end{frame}
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\end{frame}
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@ -25,7 +25,7 @@ Bitcoin miners that pay for flared gas subsidize oil produciton
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\begin{itemize}
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\begin{itemize}
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\item{More pollution: More wells drilled}
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\item{More pollution: More wells drilled}
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\item{Less pollution: Gas is cleaned}
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\item{Less pollution: Gas is cleaned}
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\item{Localized beneftis: New location of wells}
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\item{Localized benefits: New location of wells}
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\item{Localized costs: New location of wells}
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\item{Localized costs: New location of wells}
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\end{itemize}
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\end{itemize}
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\end{columns}
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\end{columns}
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Where \(Q_{O,b,t}\) is the net present oil produced in a basin state pair b, at time t, \(P_{WTI}\) is the West Texas Intermediate futures price, \(P_{HH}\) is the futures price of the Henry Hub spot market, \(\theta_{t}\) is a month dummy, and \(\gamma_{b,t}\) is a variable that represents the amount of monetary damage from natural disasters.\newline
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Where \(Q_{O,b,t}\) is the net present oil produced in a basin state pair b, at time t, \(P_{WTI}\) is the West Texas Intermediate futures price, \(P_{HH}\) is the futures price of the Henry Hub spot market, \(\theta_{t}\) is a month dummy, and \(\gamma_{b,t}\) is a variable that represents the amount of monetary damage from natural disasters.\newline
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\textbf{Three-stage Least Square is used, with instruments of:}
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\textbf{Three-stage least square is used with instruments of:}
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\begin{enumerate}
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\begin{enumerate}
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\item{VAR model residuals of oil refinery volumes, and gas storage}
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\item{VAR model residuals of oil refinery volumes and gas storage}
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\item{Regional population weighted cooling and heating degree days}
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\item{Regional population weighted cooling and heating degree days}
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\item{Sum of the standard of each instrument over the last 12 months}
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\item{Sum of the standard of each instrument over the last 12 months}
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\end{enumerate}
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\end{enumerate}
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18
Bitcoin/Sections/Other_Research.tex
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18
Bitcoin/Sections/Other_Research.tex
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@ -0,0 +1,18 @@
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\begin{frame}{Other Research}
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\begin{columns}[c] % The "c" option specifies centered vertical alignment while the "t" option is used for top vertical alignment
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\column{.45\textwidth} % Left column and width
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\textbf{Previous Topics of Research}
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\begin{itemize}
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\item Ground water with USDA grant \newline (loos et al.,2022) % \footnote{(loos et al.,2022)} %
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\item Critical materials
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\item Wind energy\newline (economics and engineering)
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\item CGE and electricity grids
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\item Institutional economics in resource management
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\end{itemize}
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\column{.5\textwidth} % Right column and width
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% \scalebox{.5}{\includegraphics{./img/SLV_Map.png} % scales both width and height by 0.5
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\includegraphics[width=\columnwidth,height=\textheight,keepaspectratio]{./img/SLV_Map.png}
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% \scalebox{.1}{\includegraphics{./img/SLV_Map.png}} % scales both width and height by 0.5
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\end{columns}
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\end{frame}
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\column{.5\textwidth}
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\column{.5\textwidth}
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\tiny
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\tiny
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\input{tables/reg.tex}\footnote{Year/Month fixed effects omited}\footnote{All reported values are logged}\footnote{Single stage preliminary results do not cite}
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\input{tables/reg.tex}\footnote{Year/Month fixed effects omitted}\footnote{All reported values are logged}\footnote{Single stage preliminary results do not cite}
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\column{.5\textwidth} % Left column and width
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\column{.5\textwidth} % Left column and width
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\normalsize
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\normalsize
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\end{columns}
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\end{columns}
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\end{frame}
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\end{frame}
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\begin{frame}{Intial Estimates}
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\begin{frame}{Initial Estimates}
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\textbf{United States}
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\textbf{United States}
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\begin{itemize}
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\begin{itemize}
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\textbf{Wyoming}
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\textbf{Wyoming}
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\begin{itemize}
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\begin{itemize}
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\item{Subsidy of 2.13\% to WTI }
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\item{Subsidy of 2.13\% to WTI }
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\item{\(\Delta Q_{Wy}\approx 1.43\% \)\footnote{Elasticty of 0.67 (Mason et all,2017)}}
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\item{\(\Delta Q_{Wy}\approx 1.43\% \)\footnote{Elasticity of 0.67 (Mason et all,2017)}}
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\end{itemize}
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\end{itemize}
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\end{frame}
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\end{frame}
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% Table created by stargazer v.5.2.3 by Marek Hlavac, Social Policy Institute. E-mail: marek.hlavac at gmail.com
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% Table created by stargazer v.5.2.3 by Marek Hlavac, Social Policy Institute. E-mail: marek.hlavac at gmail.com
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% Date and time: Mon, Oct 31, 2022 - 04:40:50 PM
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% Date and time: Mon, Oct 31, 2022 - 04:40:50 PM
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\begin{table}[!htbp] \centering
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\begin{table}[!htbp] \centering
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\caption{US Elasticity of Oil Supply}
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\caption{U.S. Elasticity of Oil Supply}
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\label{}
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\label{}
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\begin{tabular}{@{\extracolsep{1pt}}lc}
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\begin{tabular}{@{\extracolsep{1pt}}lc}
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\\[-1.8ex]\hline
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\\[-1.8ex]\hline
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