Crude Oil Fundamentals
This program is taught at the introductory level and designed for anyone with an interest in the subject of crude petroleum oil. The old and the new come together in this course as we span a timeline that looks at the formation of crude millions of years ago to the successful exploration and production techniques leading to successful wells five miles below the ocean surface. Whether your interest stems from a layman’s curiosity or you’re beginning a career in the industry, Crude Oil Fundamental is a great look at where energy begins.
Crude oil is a resource that affects nearly everyone on the planet. From a purely financial sense, it is a driving economic force behind the economies of the world — but not just as it relates to the cost of driving a car, but also as the major energy input into the gross domestic infrastructure of a country. You can choose to ride a bike, but you cannot escape the pervasive effects oil has on the rest of the world around you
.Crude oil’s importance casts its shadows into the most important strategic and geopolitical corners of the world. At its simplest, oil plays a critical role in the national security of any energy dependent country. For these reasons, a basic understanding of the subject holds importance to everyone.
A selection of specific topics covered in the course include:
- Geologic formation of oil.
- OPEC.
- Exploration techniques.
- Drilling technologies.
- Why you need mud.
- Recovery methods.
- Pipeline and ship movements.
- Types of crude.
- Price vs. quality.
- Global chokepoints.
- Peak oil.
