# Fuel stocks and strategic reserves and Unconventional oil and gas

Their prices have moved together.

Source page: https://www.materialinsights.org/links/fuel-stocks-and-strategic-reserves-and-unconventional-oil-and-gas/

[Fuel stocks and strategic reserves](https://www.materialinsights.org/energy/e_fuel_stocks/) (energy) and [Unconventional oil and gas](https://www.materialinsights.org/energy/e_oil_gas_unconv/) (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.