	(1)	(2)	(3)	(4)
VARIABLES	new_bup_nocand_posdir	new_bup_nocand_posdir	new_bup_nocand_posdir	new_bup_nocand_posdir
				
pc_oil_gas_2003	-0.00107	0.00246	-0.00107	0.00246
	(0.00258)	(0.00279)	(0.00258)	(0.00279)
delt2003oil	-0.00985**	-0.0199***	-0.00985**	-0.0199***
	(0.00473)	(0.00612)	(0.00473)	(0.00612)
Constant	4.408***	4.237***	4.408***	4.237***
	(0.0887)	(0.243)	(0.0887)	(0.243)
				
Observations	241	241	241	241
R-squared	0.016	0.122	0.016	0.122
Robust standard errors in parentheses				
*** p<0.01, ** p<0.05, * p<0.1				
