While I have yet to get the chart perfect, the chart below shows that as employment falls, production falls and as employment increases the production increases. This study is still in it's early stages, so comments are welcome.
Tuesday, April 21, 2009
Nat Gas Employment a better predictor of Production?
While the rig count gives some information about production, the total employment in the sector gives even better information. Specifically, there is a 85.9% correlation between the monthly total production of natural gas and the employment in the sector.
While I have yet to get the chart perfect, the chart below shows that as employment falls, production falls and as employment increases the production increases. This study is still in it's early stages, so comments are welcome.
While I have yet to get the chart perfect, the chart below shows that as employment falls, production falls and as employment increases the production increases. This study is still in it's early stages, so comments are welcome.
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