Advanced geothermal and Crude oil

Their prices have moved together.

Advanced geothermal (energy) and Crude oil (energy): 1 relationship.

How they are linked

1. Price link: shared driver

Cost and price · Moderate · Both ways

Advanced geothermal uses oilfield rigs and crews, whose prices follow oil drilling. The proxy, a US index for drilling oil and gas wells, lags oil: oil leads by about 3 months, with monthly moves at 0.11 and yearly at 0.37.

• 0.11 monthly change correlation
• 0.37 12-month change correlation
• 0.19 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.