Oil Industry Economics
This course will help you understand the financial impact of each step of the oil industry, from wellhead to gas pump.
Every step of the oil industry is examined by defining the primary components that impact economics and then quantifying the costs or revenues that flow from those activities. We use relevant futures scenarios, government statistics, SEC 10-Q’s, tariffs and actual margins to move the course beyond simple academics to a real-world understanding of the business . This emphasis on actual industry economics drives a deep understanding of the domestic physical market, global supply and demand factors, and geopolitical influences.
Some specific topics covered during this course include:
- Per barrel costs of finding and lifting crude oil.
- Pipeline, rail, and water considerations and rates.
- Refinery configuration, complexity, and crack spreads.
- Flow of domestic price dynamics from spot market to pump.
- Regional gasoline and diesel retail price dissection.
- Futures market dynamics and forward curve influences.
- Geopolitical drivers and effects.
