Fuel stocks and strategic reserves and Unconventional oil and gas

Their prices have moved together.

Fuel stocks and strategic reserves (energy) and Unconventional oil and gas (energy): 1 relationship.

How they are linked

1. Price link: swing supply

Cost and price · Strong · Both ways

US shale responds to prices within months, acting as a buffer alongside government reserves. The WTI proxy correlates with the average crude price at 0.97 for monthly moves and 0.99 for yearly moves.

• 0.97 monthly change correlation
• 0.99 12-month change correlation
• 1.00 fitted elasticity

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