# Advanced geothermal and Crude oil

Their prices have moved together.

Source page: https://www.materialinsights.org/links/advanced-geothermal-and-crude-oil/

[Advanced geothermal](https://www.materialinsights.org/energy/e_adv_geo/) (energy) and [Crude oil](https://www.materialinsights.org/energy/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.