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US Natural Gas Consumption vs US Bank Lending Interest Rate
US Natural Gas Consumption and US Bank Lending Interest Rate correlate at r = -0.55 over 57 years (1965–2021), p < 0.0001. With the time trend removed, r = -0.30. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = < 0.0001) and the association survives trend removal (detrended r = -0.30). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- -0.55
- p-value
- < 0.0001
- Years compared (n)
- 57 (1965–2021)
- 95% confidence interval
- -0.71 to -0.34
- Correlation with the time trend removed
- -0.30
Sources
- US Natural Gas Consumption (TWh): Our World in Data. US Natural Gas Consumption (Our World in Data: Gas).
- US Bank Lending Interest Rate (%): World Bank. US Bank Lending Interest Rate (World Bank indicator FR.INR.LEND).
Related pairs
- Atmospheric Methane (global) vs US Natural Gas Consumption (r = +0.98)
- US Natural Gas Consumption vs US Federal Debt Outstanding (r = +0.94)
- US Natural Gas Consumption vs US Wind Power Generation (r = +0.93)
- US Natural Gas Consumption vs US R&D Expenditure (r = +0.93)
- US Natural Gas Consumption vs US Renewable Energy Share (r = +0.92)
- US Natural Gas Consumption vs US GDP (current US$) (r = +0.92)
Correlation does not imply causation. How the verdict is worked out.