Key Learning Points: Lesson 7
- All pipelines, crude and natural gas, are regulated by the federal government and regulations have evolved over time.
- Pipelines provide various levels of service.
- The rates they charge must be “just and reasonable,” and must be posted on their websites.
- Once a heavily-regulated industry, natural gas pipelines became deregulated in 1985, and the “spot” market emerged.
- Marketing companies developed to provide the once “bundled” services provided by the pipelines and gas companies.
- The costs incurred in transporting crude and natural gas must be considered in the “value chain” from wellhead to end-use.
The services and rates that pipelines charge represent a component of the value chain for crude and natural gas, but how the actual wellhead and delivered prices are determined will be examined in the next lesson. - since you are moving the lessons around, I just want to make sure that this statement is still true.
Log onto Canvas and complete the Lesson 7 Quiz
Reminder - Complete all of the lesson tasks!
You have reached the end of this lesson. Double-check the list of requirements on the first page of this lesson to make sure you have completed all of the activities listed there before beginning the next lesson.