12 lines
692 B
TeX
12 lines
692 B
TeX
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\begin{frame}{Conclusion}
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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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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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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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