%------------------------------------------------ \begin{frame}{Results} \begin{columns}[c] % The "c" option specifies centered vertical alignment while the "t" option is used for top vertical alignment \column{.5\textwidth} \tiny \input{tables/reg.tex}\footnote{Year/Month fixed effects omitted}\footnote{All reported values are logged}\footnote{Single stage preliminary results do not cite} \column{.5\textwidth} % Left column and width \normalsize \tiny \begin{block}{Long Run Effect on Oil Production} \begin{equation} \Delta Q_{O}= \Delta P_{WTI}\cdot\beta_{2}\left[\sum_{t=1}^{\infty}\left( \beta_{1}^{t}\right)+ 1\right] \end{equation} \end{block} \normalsize \center \(\beta_{1}=0.198\),\(\beta_{2}=0.143\) \begin{equation*} \Delta Q_{O}= 0.18\cdot \Delta P_{WTI} \end{equation*} \end{columns} \end{frame} \begin{frame}{Initial Estimates} The nation wide average subsidy equivalent is estimated to be 0.98\% \newline \newline \textbf{United States} \begin{itemize} \item{\(\Delta Q_{US}\approx 0.18\%\)} \end{itemize} \ \newline \textbf{Wyoming} \begin{itemize} \item{\(\Delta Q_{Wy}\approx 1.43\%\)} \end{itemize} Wyoming subsidy equivalent is estimated to be 2.13\%. Elasticity estimates in Wyoming range from 0.61 to 0.73 . \end{frame}