FIN 4363 Lecture Notes - Lecture 1: Exxonmobil, British Thermal Unit, Canadian Oil Sands
Document Summary
Notes & tips: api reading: energizing america: facts for addressing energy policy, oct. 2015. Page 1: gas and diesel prices highly correlated with crude prices. Page 2: us oil production has grown by 4 million barrels per day since 2012! Page 3: many factors affect oil prices -- weather, inventories, global economic growth, speculation-hedging-investment, exchange rates and inflation, geopolitical risks, spare production capacity, opec production decisions, and non-opec supply growth. What is it expected to reach in 2016? (95. 2 mm bbls per day forecasted!) What is the eia forecast? (eia is energy information administration, an agency which is part of the doe, department of energy of the us government. ) Page 5: growth in world oil consumptions is expected to be concentrated in oecd countries. Opec spare production capacity in 2014? (2 mm bbls per day) expected for 2016? (2. 2 mm bbls per day).
