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US Oil Consumption vs US Bank Lending Interest Rate
US Oil Consumption and US Bank Lending Interest Rate correlate at r = -0.14 over 57 years (1965–2021), p = 0.306. With the time trend removed, r = +0.28. Not statistically significant.
Verdict: Not statistically significant. With n = 57, this correlation isn't statistically significant (p = 0.306). It could easily be chance.
- Pearson r
- -0.14
- p-value
- 0.306
- Years compared (n)
- 57 (1965–2021)
- 95% confidence interval
- -0.38 to 0.13
- Correlation with the time trend removed
- +0.28
Sources
- US Oil Consumption (TWh): Our World in Data. US Oil Consumption (Our World in Data: Oil).
- US Bank Lending Interest Rate (%): World Bank. US Bank Lending Interest Rate (World Bank indicator FR.INR.LEND).
Related pairs
- US Annual CO₂ Emissions vs US Oil Consumption (r = +0.90)
- US Adult Obesity vs US Bank Lending Interest Rate (r = -0.85)
- US Oil Consumption vs US Military Expenditure (r = -0.84)
- US Forest Area vs US Bank Lending Interest Rate (r = -0.81)
- Atmospheric Methane (global) vs US Bank Lending Interest Rate (r = -0.80)
- US Oil Consumption vs US Electricity Use per Capita (r = +0.80)
Correlation does not imply causation. How the verdict is worked out.