Resource 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. Learn more

Resource Description

Have you purchased gasoline and wondered at the price changes? Or worn your polyester jacket and wondered how it kept you warm, or been thankful your phone didn't break when you dropped it? These are just some benefits the petroleum industry brings to our world. Other aspects to the global world market involve natural disasters, wars, rumors of wars, national security, and consumer demand. Learn about oil production and how nations respond as EGEE 120 gives you a foundation of how industry interacts with you, governments, transportation, politics, and the world. You will become a more informed citizen, able to support your opinion about oil and the environment. As John McCain said, "Whoever controls oil controls much more than oil." Learn more