12 lines
696 B
TeX
12 lines
696 B
TeX
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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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\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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\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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\end{frame}
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