The Petroleum Industry – The Crude Oil Market
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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Learning Objectives
- 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 |
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