Variable	Rest-of-World			United States
	Residual Fuel Oil
	Estimate	T-Stat.	P-Values	Estimate	T-Stat.	P-Values
Constant	5.252	2.47	0.01	−0.813	−1.72	0.09
Price	−0.021	−2.79	0.01	−0.006	−2.12	0.03
Dist. Price	0.017	1.62	0.11
Coal Price				0.219	1.60	0.11
GDP	0.112	2.13	0.03	0.150	2.50	0.01
Trend	−0.142	−3.83	0.00	−0.037	−2.13	0.03
Lagged Q	0.437	2.60	0.01	0.759	10.62	0.00
R²	0.985			0.916
Durbin H	1.318		0.19	1.143		0.25
Unit Root	−4.123		0.00	−2.840		0.13
	Petroleum Coke
Constant	−0.295	−2.50	0.01	−0.076	−1.44	0.15
Price	−0.003	−2.53	0.01	−0.006	−3.74	0.00
NG Price	0.001	1.89	0.06
GDP	0.022	3.07	0.00	0.070	5.19	0.00
Trend				−0.017	−4.96	0.00
Lagged Q	0.452	2.41	0.02	0.388	2.92	0.00
D2004	0.083	7.34	0.00
D2000				−0.082	−12.34	0.00
R²	0.990			0.850
Durbin H	2.159		0.03	−0.878	0.38
Unit Root	−2.351		0.39	−2.678	0.20
	Other Petroleum Products
Constant	−1.710	−2.00	0.05	0.015	0.08	0.93
Price	−0.007	−2.65	0.01	−0.003	−4.97	0.00
GDP	0.384	4.23	0.00	0.267	3.73	0.00
Trend	−0.128	−2.15	0.03	−0.073	−3.66	0.00
Lag Q	0.382	3.03	0.00	0.441	4.08	0.00
R²	0.991			0.773
Durbin H	2.989		0.00	0.076	0.94
Unit Root	−2.353		0.39	−2.805	0.14