Table of Contents
- Page ID
- 47745
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This text provides a broad introduction to global markets for crude oil and refined petroleum products; natural gas; and electric power. It also provides students with the basic financial tools used to evaluate energy projects. A major goal of the course is to help students understand how market design, market institutions and regulatory structures affect firm-level decision-making in the energy industries, and ultimately how these decisions affect the functioning of energy markets.
Course Home Page
1: Welcome to EME 801: Energy Markets, Policy, and Regulation
Lesson 1 - Global Markets for Crude Oil
1: Overview 2: Introduction to Global Markets for Crude Oil 3: Beginnings of a Market to 1970 4: OPEC Seizes Control: The Energy Crisis and the Arab Oil Embargoes of 1973 and 1979 5: Current World Oil Market 6: Futures Markets for Crude Oil 7: Are we running out of oil? 8: Summary and Final Tasks
Lesson 2 - Markets for Refined Petroleum Products
1: Overview 2: The process of crude oil refining 3: Regional analysis of petroleum product movements: Petroleum Administration for Defense Districts 4: Futures contracts for refined petroleum products 5: Refinery Economics 6: Summary and Final Tasks
Lesson 3 - Markets for Natural Gas
1: Overview 2: Characteristics of Natural Gas 3: Basic Drivers of Natural Gas Demand 4: Evolution and structure of natural gas markets 5: Summary and Final Tasks
Lesson 4 - Unconventional Natural Gas Development
1: Overview 2: The Shale Energy Revolution 3: Production Decline for Shale Gas Wells 4: The Global Context of Shale Gas 5: Summary and Final Tasks
Lesson 5 - Introduction to the Electricity Industry
1: Overview 2: Electricity Demand and Supply in the United States 3: Basic economics of power generation, transmission, and distribution 4: Electricity Industry Structure and Regulation 5: The Mechanics of Rate of Return Regulation 6: Economic Dispatch and Operations of Electric Utilities 7: Summary and Final Tasks