Hydrochloric acid and Unconventional oil and gas

Their prices have moved together.

Hydrochloric acid (chemical) and Unconventional oil and gas (energy): 1 relationship.

How they are linked

1. Price link: demand driver

Cost and price · Moderate · Both ways

Shale oil and gas wells are treated with acid to open the rock, so drilling activity raises demand. The proxy is the WTI oil price, and monthly moves correlate at 0.13 and yearly moves at 0.44.

• 0.13 monthly change correlation
• 0.44 12-month change correlation
• 0.25 fitted elasticity

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