Course Description

Global Finance for the Earth, Energy, and Materials Industry covers the physical and financial aspects of energy commodities with the focus on crude and natural gas. The physical "path" of each commodity from the point of production to the point of use will be explained, as well as the "value chain" that exists for each. Commodity market pricing, both cash and financial, will be presented, encompassing industry "postings" for cash, commodity exchanges, and "over-the-counter" markets. The use of financial derivatives to reduce market price risk ("hedging") will be presented, and "real world" examples will be utilized. Students will learn and practice the trading strategies in the energy commodity financial markets.

This course is part of the following program: Energy, Business, and Finance Minor.

Online Course

You can view the entire course here: Global Finance for the Earth, Energy, and Materials Industries (EBF 301)

Download Course Files

Click this link and fill out a short form to begin your download: Download Global Finance for the Earth, Energy, and Materials Industries (EBF 301) Course Files

Tom is currently the Assistant Director for Undergraduate Programs, School of Energy at the University of Tulsa. He authored a version of EBF 301 in 2012. You will hear him lecture throughout the course. Tom has more than 30 years of experience in the oil & gas industry, primarily in the midstream sector, and 14 years of experience as an adjunct instructor for various universities. His primary expertise lies in the areas of energy markets and commodities trading, but he is well versed in industry aspects of supply chain and logistics, particularly as they apply to the midstream oil and gas sector and the power sector.

Farid Tayari

I teach both online and in-residence courses in the Department of Energy and Mineral Engineering at Penn State University. I hold a Ph.D. in Energy Management and Policy, which is an interdisciplinary major between economics and engineering from The Penn State University. I also have an MBA from the University of Tehran, and a Bachelor's of science in Chemical Engineering from Sharif University. I have years of research and work experience in economic assessment of energy projects, especially in the field of oil, gas, and renewables. I'm also experienced in energy economics, policy analysis, mathematical modeling, quantitative simulation, and programming.