EngineeringThe Petroleum Industry – The Crude Oil Market

The Petroleum Industry – The Crude Oil Market

SKU: RV-10524
Duration: 2.00 Hrs

Petroleum economics is the field that studies human utilization of petroleum resources and the consequences of that utilization. In the simplest scientific terminology, petroleum use allows the production of energy. In this course we will discuss the factors and pricing strategies that determine oil prices, the transportation of oil from the producer to the consumer, and the structure of the crude oil market and global consumption of oil.

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Course Details

Learning Objectives

By the end of this course, you will be able to:
  • Describe the global debate of peak oil and potential paths for oil in the future.
  • List factors that influence oil prices.
  • Recall the process of how oil gets from the ground to the consumer.
  • Identify the characteristics of a refinery and different refinery types and processes, along with the impacts of refined oil.

Specs

Course Level Fundamental
Languages English
Compatibility Audio, MobileReady

Dr. James G. Speight C. CChem., FRSC, FCIC, FACS

Author

Dr. James G. Speight C. CChem., FRSC, FCIC, FACS earned his B.Sc. and PhD degrees from the University of Manchester, England – he also holds a DSC in The Geological Sciences (VINIGRI, St. Petersburg, Russia) and a PhD in Petroleum Engineering, (Dubna International University, Moscow, Russia). Dr. Speight is the author of more than 50 books in petroleum science, petroleum engineering, and environmental sciences. Formerly the CEO of the Western Research Institute (now an independent consultant), he has served as Adjunct Professor in the Department of Chemical and Fuels Engineering at the University of Utah and in the Departments of Chemistry and Chemical and Petroleum Engineering at the University of Wyoming. In addition he has also been a Visiting Professor in Chemical Engineering at the following universities: the University of Missouri-Columbia, the Technical University of Denmark, and the University of Trinidad and Tobago. Dr. Speight was elected to the Russian Academy of Sciences in 1996 and awarded the Gold Medal of Honor that same year for outstanding contributions to the field of petroleum sciences. He has also received the Scientists without Borders Medal of Honor of the Russian Academy of Sciences. In 2001, the Academy also awarded Dr. Speight the Einstein Medal for outstanding contributions and service in the field of Geological Sciences.

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