Chris Termeer’s unit three of Fundamentals of Investing in Oil and Gas focuses on experience and knowledge gleaned from the earlier years of his career. This section is designed to give the reader an overview of key refining topics by using easy to understand pictures, graphs, formulas, unique flow charts, illustrations and analogies. One can tell that extra attention was given to this unit so that the reader, no matter what their level of education is, would be able to follow the discussion on a section of the industry that few professionals ever try to describe. This section provides details on how products such as transportation fuels are created, an in-depth look at the major refining process that take place, feedstock preparation, refining operations, catalysts, yields, and processing requirements. It emphasizes the vital importance of how the latest technologies, such as hydrocracking, catalytic cracking, and alkylation, are used by the best refineries in the world to increase yields and profits. The refining business is critical to our global economy, and this is why special attention is given to finished products and specifications as slight changes in the refining industry can bring about startling changes in the marketplace.
“It is important for one to have a basic understanding of all three sectors of the industry as none can exist without both of the others. Only once we have a better understanding of the industry as a whole can we begin to analyze the trends that are likely to happen globally, nationally, and locally in the future. If it were possible to see into the future, if only a little bit, one may have the potential to realize an immeasurable amount success.”
– Chris Termeer –
Fundamentals of Investing in Oil and Gas ends each major discussion with light coverage of modern news events relevant to that topic to forecast potential trends.
Being written by an academic and professional expert makes Fundamentals of Investing in Oil and Gas one of the most up-to-date and exceptional books available, providing readers with a comprehensive and easy-to-follow guide to understanding the oil and gas industry.
Though easy to read, this book is useful for anyone who wants to expand their knowledge about the industry. Read the Fundamentals of Investing in Oil and Ga
wettability: As water and oil are insoluble, only one or the other will be in direct contact with the solid rock of a formation. The term wettability refers to whether oil or water is in direct contact with rock within a reservoir.
