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488c80480b
@ -5,7 +5,7 @@
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\textbf{Experience}
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\begin{itemize}
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\item PhD candidate in Mineral and\newline Energy Economics % at Colorado School of Mines
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\item Mineral and Energy Economics, M.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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\end{itemize}
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%------------------------------------------------
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\begin{frame}{Key Questions}
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\textbf{What are the long term regional welfare changes that can be expected as Bitcoin mining becomes a coproduct of oil?}
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\begin{enumerate}
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\item{How much extra revenue will oil producers receive?}
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@ -10,7 +11,7 @@
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\begin{frame}{Strategy}
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\begin{itemize}
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\item{Identify the incentives}
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\item{Identify the incetives }
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\begin{itemize}
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\item{Microeconomics model of Bitcoin mining}
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\item{Upstream Oil production model}
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@ -20,15 +21,15 @@
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\pause
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\item{Find regional variation of the incentives}
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\begin{itemize}
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\item{Collect well attribute data}
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\item{Collect well atirbute data}
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\item{Estimate value of gas with Bitcoin mining}
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\end{itemize}
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\pause
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\item{Identify responses of oil producers in each region}
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\item{Idenitfy responses of oil producers in each region}
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\begin{itemize}
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\item{Estimate response to oil and gas price changes}
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\item{Econometric estimates state-basin level elasticity of supply}
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\item{Forecast new wells \& oil production}
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\item{Forecast new wells, oil production}
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\end{itemize}
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\pause
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\item{\emph{Future Work:} Estimate other welfare changes }
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\begin{frame}{Mechanisms}
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Bitcoin miners that paying for flared gas is equivalent to a subsidy on oil production
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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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\textbf{Direct Effects}
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