Gebben_Edit/Defense_Slides
2
0
Fork 0
Code Issues Pull Requests Projects Releases Wiki Activity

Major updates

Browse Source
This commit is contained in:
Alex 2024-10-23 22:02:39 -06:00
parent 531a215500
commit a4498adbb2
11 changed files with 248 additions and 6 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

3
LATEX/Chapter_I/Chapter_I.tex
View File

@ -155,7 +155,7 @@
\textbf{Colorado Hydrobase} \textbf{Colorado Hydrobase}
\begin{itemize} \begin{itemize}
\item{Crop area} \item{Crop area}
\item{Crop Types} \item{Crop types}
\item{Water sources} \item{Water sources}
\item{Well data} \item{Well data}
\end{itemize} \end{itemize}
@ -179,6 +179,7 @@
\end{minipage}} \end{minipage}}
\end{figure} \end{figure}
} }
\only<2>{ \only<2>{
\begin{figure}% \begin{figure}%
\centering \centering

51
LATEX/Chapter_II/Chapter_II.tex
View File

@ -84,5 +84,54 @@
\onslide<5->{\item{Different wells enroll (+/-)}} \onslide<5->{\item{Different wells enroll (+/-)}}
\end{itemize} \end{itemize}
\end{frame} \end{frame}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\subsection{Data}
\begin{frame}{Data}
\begin{columns}
\begin{column}{0.5\textwidth}
\textbf{Colorado Hydrobase}
\begin{itemize}
\item{Well}
\item{Ditch}
\item{Crop}
\end{itemize}
\end{column}
\begin{column}{0.5\textwidth}
\textbf{Subdistrict 1 Annual Plan}
\begin{itemize}
\item{CREP enrollment}
\item{Linked to legal parcels}
\item{First fallow year}
\item{Contract type}
\end{itemize}
\end{column}
\end{columns}
\vfill
Calculated distance matrix between wells and ditches. Generated two by two mile grid for spatial clusters \citep{bester2011}.
\end{frame}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\subsection{Econometrics}
%%%%%%%%%%%%%%%%%%%%%%%
\begin{frame}{Econometrics: Subdistrict 1 effect on CREP well pumping}
\begin{equation*}\label{mainreg2}
Y_{i,t}=\left(Sbd_i+CREP_i\right)\cdot(1+\sum_{s=1}^S(\theta_{s(i,t)}))+Ditch_{i}+County_{i}+\tau_{t}+\beta \cdot X_{i,t}+\epsilon_{i,t}
\end{equation*}
This is the same DiD model previously used but with a second term for a well that eventually enters CREP.
\end{frame}
%%%%%%%%%%%%%%%%%%%%%%%
\begin{frame}{Econometrics: Subdistrict 1 effect on CREP enrolment}
Two steps are used to estimate the change in CREP efficacy due to changes in well enrolment. The number of wells enrolled changes the direct effect of CREP. The location of the enrolled wells changes which wells are neighbors that reduce groundwater.
\begin{enumerate}
\item{Probit model predicting if a well enrollees in CREP based on attributes and response to the pumping fee}
\item{Monte Carlo simulation of well enrolment location}
\end{enumerate}
\end{frame}
%%%%%%%%%%%%%%%%%%%%%%%
\begin{frame}{Econometrics: CREP and nearby water savings}
\begin{equation*}
\label{EQ:SUNAB}
\widehat{CREP\ ATT}_{g}=\frac{1}{|g|}\sum_{\ell \in g} \sum_{e}\hat{\Phi}_{e,\ell}\cdot\hat{\delta}_{\ell,e}
\end{equation*}
Where \emph{g} is the set of all lags \(\ell\). The final equation estimates the ATT, by the sum of cohort treatment effects weighted by the cohort sample share in and scaled by the number of periods in the set \(|\)\emph{g}\(|\) \citep{sun2021}.
\end{frame}

168
LATEX/Chapter_III/Chapter_III.tex
View File

@ -19,4 +19,172 @@
\end{itemize} \end{itemize}
\end{frame} \end{frame}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\subsection{Background}
\begin{frame}{Background: Bitcoin mining}
\begin{columns}
\begin{column}{0.5\textwidth}
\begin{itemize}
\onslide<2->{\item{Adds transactions to the block chain}}
\onslide<2->{\item{Limited size in a block}}
\onslide<3->{\item{Miner reward}}
\onslide<3->{\item{User fees}}
\onslide<4->{\item{Hash function}}
\onslide<5->{\item{Difficultly adjustment}}
\onslide<6->{\item{Application-specific integrated circuit (ASIC)}}
\end{itemize}
\end{column}
\begin{column}{0.5\textwidth}
\centering
\includegraphics[width=\textwidth]{Chapter_III/figures/Cryptocurrency_Mining_Farm.jpg}
\end{column}
\end{columns}
\end{frame}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\begin{frame}{Background: Flaring}
\Large \textbf{Why is natural gas flared?}
\large
\begin{columns}
\begin{column}{0.5\textwidth}
\begin{itemize}
\onslide<2->{\item{Natural gas is always produced with oil}}
\onslide<3->{\item{Gas oil ratio (GOR)}}
\onslide<4->{\item{Expensive pipelines required to move the gas}}
\onslide<5->{\item{Flaring is cheaper in new or remote fields}}
\end{itemize}
\onslide<6->{Bitcoin miners have a mobile demand for low cost energy sources.}
\end{column}
\begin{column}{0.5\textwidth}
\centering
\only<1-5>{
\includegraphics[width=\textwidth]{Chapter_III/figures/FALRING.png}
North Dakota flared gas \citep{dalrympleNorthDakotaNatural2018}
}
\only<6>{ \includegraphics[width=\textwidth]{Chapter_III/figures/BTC_MINER_FLARED.png}
Crusoe Energy Bitcoin miner \citep{robertson2021}
}
\end{column}
\end{columns}
\end{frame}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\subsection{Data}
\begin{frame}{Data}
\begin{columns}
\begin{column}{0.33\textwidth}
\textbf{Enverus}
\begin{itemize}
\item{Well location}
\item{Well attributes}
\item{Oil and gas production}
\end{itemize}
\end{column}
\begin{column}{0.33\textwidth}
\textbf{Bitcoin Data}
\begin{itemize}
\item{Block difficulty}
\item{Blocks added}
\item{Bitcoin price}
\end{itemize}
\end{column}
\begin{column}{0.33\textwidth}
\textbf{Other Data}
\begin{itemize}
\item{Oil price}
\item{Natural gas price}
\item{Industrial index}
\item{Temperature}
\end{itemize}
\end{column}
\end{columns}
\vfill
Volume of oil and gas produced by a well is discounted to the date it was drilled \citep{anderson2018}.
\end{frame}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\subsection{Econometrics}
\begin{frame}{Econometrics}
\Large Three econometric results.
\large
\begin{enumerate}
\onslide<1->{\item{Structural vector autoregression: Elasticity of oil production}}
\onslide<2->{\item{Fixed effect model of flared gas: Total subsidy from selling flared gas}}
\onslide<3->{\item{Nonlinear Cointegrating Autoregressive Distributed Lag Mode (NARDL): Effect of bitcoin price shocks}}
\end{enumerate}
\end{frame}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\subsection{Structural vector autoregression}
\begin{frame}{Information flow in oil markets}
\begin{figure}
\includegraphics[width=\textwidth]{Chapter_III/figures/timeline.png}
\end{figure}
\onslide<2->{Restriction that drilling rates do not respond to price shocks within the same month \citep{kilian2009}. It takes time to acquire drilling rig contracts, licenses, and create engineering plans}
\end{frame}
%%%%%%%%%%%%%%%%%%%%
\begin{frame}{A matrix restrictions of the SVAR model}
\small
\begin{equation*}
\begin{pmatrix}
e^{\Delta BTU}_t\\
e^{\Delta \theta}_t\\
e^{\Delta D_{i}}_t\\
e^{\Delta P_{g}}_t\\
e^{\Delta P_{o}}_t
\end{pmatrix}=
\begin{bmatrix}
1 & 0 & 0 & 0 & 0 \\
0 & 1 & 0 & 0 & 0 \\
a_{3,1} & a_{3,2} & 1 & 0 & 0 \\
a_{4,1} & a_{4,2} & a_{4,3} & 1 & 0 \\
a_{5,1} & a_{5,2} & a_{5,1} & a_{5,1} & 1 \\
\end{bmatrix}
\begin{pmatrix}
\epsilon_{q}\\
\epsilon_{\theta}\\
\epsilon_{D_{i}}\\
\epsilon_{g}\\
\epsilon_{o}
\end{pmatrix}
\begin{matrix}
\text{Joint Supply Shock}\\
\text{Composition Shock}\\
\text{Industrial Demand Shock}\\
\text{Gas Specific Demand Shock}\\
\text{Oil Specific Demand Shock}\\
\end{matrix}
\end{equation*}
\end{frame}
%%%%%%%%%%%%%%%%%%%%
\begin{frame}{Key impulse response from industrial shock}
\begin{columns}
\begin{column}{0.45\textwidth}
\small
\includegraphics[width=\textwidth]{Chapter_III/figures/IRF_BTU.pdf}
IRF on energy production
\includegraphics[width=\textwidth]{Chapter_III/figures/IRF_IND}
IRF on industrial demand
\end{column}
\begin{column}{0.45\textwidth}
\small
\includegraphics[width=\textwidth]{Chapter_III/figures/IRF_WTI}
IRF on oil price
\includegraphics[width=\textwidth]{Chapter_III/figures/IRF_HH}
IRF on natural gas price
\end{column}
\end{columns}
\end{frame}
%%%%%%%%%%%%%%%%%%%%
\begin{frame}{Elasticity estimate}
\onslide<1->{\begin{equation*}
Elasticity_{S}=\sum_{t=0}^{t}\left(\frac{\Delta \theta_{t} \cdot \Delta q_{t}}{\Delta P_{oil,t}}\right)
\end{equation*}
}
\newline
\onslide<2>{\begin{equation*}
0.55=\sum_{t=0}^{120}\left(\frac{\Delta \theta_{t} \cdot \Delta q_{t}}{\Delta P_{oil,t}}\right)
\end{equation*}}
\end{frame}

BIN
LATEX/Chapter_III/figures/2620311-1102015809.jpg Normal file
View File

Binary file not shown.
Side by Side

After

Width:  |  Height:  |  Size: 85 KiB

BIN
LATEX/Chapter_III/figures/5c210c5ca88d2.webp Normal file
View File

Binary file not shown.
Side by Side

After

Width:  |  Height:  |  Size: 73 KiB

BIN
LATEX/Chapter_III/figures/BTC_MINER_FLARED.png Normal file
View File

Binary file not shown.
Side by Side

After

Width:  |  Height:  |  Size: 141 KiB

BIN
LATEX/Chapter_III/figures/Cryptocurrency_Mining_Farm.jpg Normal file
View File

Binary file not shown.
Side by Side

After

Width:  |  Height:  |  Size: 200 KiB

BIN
LATEX/Chapter_III/figures/FALRING.png Normal file
View File

Binary file not shown.
Side by Side

After

Width:  |  Height:  |  Size: 511 KiB

BIN
LATEX/Chapter_III/figures/img60cb6b4123393a00188e3c56.webp Normal file
View File

Binary file not shown.
Side by Side

After

Width:  |  Height:  |  Size: 20 KiB

8
LATEX/Defense.tex
View File

@ -68,11 +68,11 @@
%\section{Chapter I: Collective Action to Manage Agricultural Groundwater, Drivers and Outcomes}\label{ChapterI} %\section{Chapter I: Collective Action to Manage Agricultural Groundwater, Drivers and Outcomes}\label{ChapterI}
% \input{Chapter_I/Chapter_I.tex} % \input{Chapter_I/Chapter_I.tex}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%% %%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\section{Chapter II: Policy Interactions of Water Conservation Programs. Is Efficiency Always Efficient?}\label{ChapterII} %\section{Chapter II: Policy Interactions of Water Conservation Programs. Is Efficiency Always Efficient?}\label{ChapterII}
\input{Chapter_II/Chapter_II.tex} % \input{Chapter_II/Chapter_II.tex}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%% %%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%\section{Chapter III: Bitcoin Mining, the Next Shale Boom?}\label{ChapterIII} \section{Chapter III: Bitcoin Mining, the Next Shale Boom?}\label{ChapterIII}
% \input{Chapter_III/Chapter_III.tex} \input{Chapter_III/Chapter_III.tex}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%% %%%%%%%%%%%%%%%%%%%%%%%%%%%%%

24
LATEX/Supporting/FinalThesis.bib
View File

@ -3322,4 +3322,28 @@
venue = {Bainbridge, Georgia}, venue = {Bainbridge, Georgia},
file = {/home/alex/Zotero/storage/JKMC6LVR/_.pdf;/home/alex/Zotero/storage/LJMZ6R2J/_.pdf} file = {/home/alex/Zotero/storage/JKMC6LVR/_.pdf;/home/alex/Zotero/storage/LJMZ6R2J/_.pdf}
} }
@article{robertson2021,
entrysubtype = {newspaper},
title = {Meet the Company Mining Bitcoin Using the Flare Gas from Oil Drilling - and Drawing Investment from {{Coinbase}} and the {{Winklevii}} | {{Business Insider India}}},
author = {Robertson, Harry},
date = {2021-06-22},
journaltitle = {Business Insider},
url = {https://www.businessinsider.in/cryptocurrency/news/meet-the-company-mining-bitcoin-using-the-flare-gas-from-oil-drilling-and-drawing-investment-from-coinbase-and-the-winklevii/articleshow/83685982.cms},
urldate = {2024-10-23},
abstract = {Crusoe Energy's technology can dramatically cut emissions from gas flaring at oil patches - all while "mining" cryptocurrencies.},
langid = {english},
file = {/home/alex/Zotero/storage/73V52Z8J/83685982.html}
}
@article{dalrympleNorthDakotaNatural2018,
entrysubtype = {newspaper},
title = {North {{Dakota}} Natural Gas Flaring Hits Records, Improvement Expected in 2019},
author = {Dalrymple, Amy},
date = {2018-12-25},
journaltitle = {The Bismarck Tribune},
url = {https://bismarcktribune.com/bakken/north-dakota-natural-gas-flaring-hits-records-improvement-expected-in-2019/article_201e38f4-54db-5b96-a03a-31af0fd077e0.html},
urldate = {2024-10-23},
abstract = {Natural gas flaring reached record volumes in North Dakota in 2018, enough in October to heat 4.25 million average U.S. homes.},
langid = {english},
file = {/home/alex/Zotero/storage/3IW34KBD/article_201e38f4-54db-5b96-a03a-31af0fd077e0.html}
}