EBF 301
Global Finance for the Earth, Energy, and Materials Industries

Summary and Final Tasks - Hidden

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Key Learning Points: Lesson 3

  1. There are various methods used to transport crude oil from the wellhead to the refinery.
    • Truck/rail/pipeline/barge/tanker
  2. WTI is the “global standard” for crude oil while Brent Crude is the European standard.
  3. PADDs are regional districts for supply and distribution of crude oil.
  4. The US still relies heavily on imported crude but domestic supplies are increasing.
  5. “OPEC” and the “Gulf States” are not the same.
  6. The refining process consists of distillation and conversion and produces several products used in transportation and as petrochemical feedstocks.

Quiz

Log onto ANGEL and complete the Lesson 3 Quiz (located in the Quizzes, Surveys, Midterm, and Final Exam folder).

Reminder - Complete all of the Lesson 3 tasks!

You have reached the end of Lesson 3. 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. (To access the next lesson, use the link in the "Course Outline" menu at left.