Energy is being consumed at every hour of the day everywhere on earth. Thus, energy commodities are being bought and sold constantly to fill this demand. When we are talking about prices for the actual physical production and consumption of natural gas and crude oil, we are talking about the "cash" market. In this lesson, we will explore the ways in which cash prices are established in the physical marketplace, historical pricing, the main publications that report these prices, and the methodologies they use to collect the data.
At the successful completion of this lesson, students should be able to: - Learning objectives need to be revised with action verbs and to relate to the various assessments.
- Explain the history of the natural gas “cash” market pricing
- Understand the methodology for cash price determination
- Become familiar with key industry pricing publications and their uses
- Platt's Inside FERC
- Platt's Gas Daily
- OPIS & ARGUS Price Reports for NGLs and Crude Oil.
- Review historical price trends
- Discover online price data resources
What is due for this lesson?
This lesson will take us one week to complete. The following items will be due Sunday, 11:59 p.m. Eastern Time.
- Lesson 6 Quiz
- Lesson 6 Activity: Add name of activity
- Lesson 6 Fundamental Factors
If you have any questions, please post them to our General Course Questions discussion forum (not e-mail), located under Modules in Canvas. The TA and I will check that discussion forum daily to respond. While you are there, feel free to post your own responses if you, too, are able to help out a classmate.