Resource Description

Global Finance for the Earth, Energy, and Materials Industry covers the physical and financial aspects of energy commodities with the focus on crude and natural gas. The physical "path" of each commodity from the point of production to the point of use will be explained, as well as the "value chain" that exists for each. Commodity market pricing, both cash and financial, will be presented, encompassing industry "postings" for cash, commodity exchanges, and "over-the-counter" markets. The use of financial derivatives to reduce market price risk ("hedging") will be presented, and "real world" examples will be utilized. Students will learn and practice the trading strategies in the energy commodity financial markets. Learn more

Resource Description

This course on petroleum refining reviews how a refinery integrates different physical processes and chemical reactions to process crude oil for the production of transportation fuels and materials according to commercial specifications and environmental regulations. Classification of crude oils using standard analytical protocols helps the refiners select the optimum conditions for the most efficient and most profitable production of fuels and materials. Understanding the basic concepts and technical objectives for each process unit provides the knowledge base necessary to convert crude oil into desired products at minimum cost and low environmental impact. A discussion of how the refinery evolved from the days of one-pot distillation into the current complex configurations will inform an outlook from present to future. Learn more