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Oil and Gas Markets

Learn about the international crude-oil trade and the Strategic Petroleum Reserve.

Transcript

Oil and gas play an important role in everyday life, from powering vehicles to warming homes and businesses. Beyond providing a valuable energy source, oil and gas are also a key part of the United States’ economy. However, oil and gas markets are extremely volatile. Also, the United States depends on oil from foreign countries to meet consumer demands and keep oil prices low. The volatility of the oil market and the United States’ reliance on foreign oil can create economic downturns and oil...

Lessons

    • 1. Welcome to Energy Law
    • Welcome to Energy Law
    2. The Energy Industry and Electric Utilities
    • The Electric System
    • Renewable Energy and Climate Change
    • Utility Regulatory Compact
    • Public-Utility Commissions
    • Wholesale Electricity Markets
    • Federal Electricity Regulation
    3. Coal-Fired Electricity
    • Property Rights in Coal
    • Coal Mining Regulations
    • Coal-Fired Power Plant Emissions
    • Coal’s Decline in Popularity
    4. Oil and Natural Gas
    • Property Rights in Oil and Gas
    • Fracking and Offshore Drilling
    • Transporting Oil and Gas
    • Oil and Gas Markets
    5. Nuclear Energy
    • History of Nuclear Power
    • Uranium Mining
    • Risks of Nuclear Power
    • Nuclear Waste
    • Federal Support for Nuclear Energy
    6. Wind Energy
    • Benefits of Wind Energy
    • Intermittent Nature of Wind
    • Impacts on Wildlife and the Environment
    • Rights to Wind
    • Government Support for Wind Energy
    7. Hydropower and Solar Energy
    • Hydropower Facilities and Regulation
    • Environmental Impacts of Hydropower
    • Solar Energy
    • Solar Access and Grid Issues
    8. Other Energy Resources and Energy Issues
    • Waste-to-Energy Facilities and Biomass
    • Geothermal and Ocean Energy
    • Energy Efficiency
    • Transportation Energy Policies
    • Energy Storage and Electric Vehicles