GGR333H5 Study Guide - Midterm Guide: West Texas Intermediate, Western Canadian Select, Steam-Assisted Gravity Drainage
Document Summary
List two of the three criteria discussed by your professor to distinguish between various crude oils, colour (yellow to black, viscosity (weight/gravity, sulphur content (sweet or sour) What product of petroleum refining was the industry"s most valuable output for the first. 40 years of its existence and what was its main use: kerosene for oil lamps. Lecture slides say it was historically used for architectural adhesives, roads and medicine (laxatives) Why: > heavier and > sour: makes it more difficult to work with and more expensive, then, the sweeter it is the more valuable, easier to manage. List two of the three most important benchmark crudes in the world: west texas intermediate (wti, brent blend, opec basket, maya (mexico) What is the name of main heavy/sour canadian crude benchmark: western canadian select. In what economic sector are refined petroleum products especially important: transportation industry.
