Energy Business Final Exam
Atom
are made up of a nucleus and one or more electrons
How much did Plains Exploration & Production paid in cash to buy a 20% stake in the Haynesville Shale?
$1.65 billion
Lewis Strauss statement on electrical energy should obviously not be taken literally, as even "free" electricity would have to be transformed, transmitted, and distributed to users, requiring the construction and maintenance of an extensive and costly infrastructure?
"Too cheap to meter"
How much money did Pickens announce his company would spend of wind turbines for the Texas Panhandle to create the World's largest wind farm?
$2 billion
In July 2008, what was the worth of McClendon's thirty-three million shares?
$2.3 billion
How much did ExxonMobil paid to buy Natural Gas driller XTO Energy, that made Exxon the nation's largest natural gas producer?
$31 billion
What was the net worth of George Mitchell when the shares of Mitchell Energy hit twenty-seven dollars?
$700 million
1) What did Wallace Carothers discover that made him famous? (2) Did he live to know how great his discovery was? (3) How did he die>
(1) nylon (2) no (3) suicide
If you had a home with nine 100 watt light bulbs burning and you had them on for eight hours, how much energy is being used?
(9 bulbs x 100 watts x 8 hours) / 1000 watts = 7.2 kWh
What did McClendon do with the money he borrowed from banks, using Chesapeake's stocks as collateral?
-Buy additional Chesapeake shares -Finance gas wells -Pay for all his real estate purchases -Do commodity trading Answer: All of the above
Which of these did not perform the first commercial hydraulic fracturing jobs in Texas and Oklahoma.?
-ConocoPhillips -Standard Oil of New Jersey -Devon Energy -Mitchell Energy Answer: All of the choices are correct
What did Edmond Becquerel do?
-Created the first photovoltaic cell at age 19. -Developed the hypothesis explaining the photoelectric effect.
What was the reason behind the ethanol drive in the USA?
-Enormous and effective Washington Lobby -Middle Eastern instability -Powerful agribusiness -Renewed concerns about high crude oil prices Answer: All the choices are correct
What was McClendon third "business model" for Chesapeake?
-Expand in the Marcellus Shale -Gobble up land in Utica Shale -Catch up to EOG in Eagle Ford -Expansion in Niobrara Shale Answer: All of the choices are correct.
Why were the 1980's an awful time in the oil business?
-Growing supply from the North sea -Oil fields in California hit historic peaks -Some members of OPEC ramped up production Answer: All of the above
Rejected energy encompasses which of the following? This question comes from the lecture on Energy Economics.
-Heat loss in machine usage -Energy lost to inefficiency -Energy that was not produced to the regulation standard and cannot be used
What were the forecasts of peak-oil theorists, especially the doomsday scenarios, in the coming decades? This question is from Chapter 4: Running Out: Peak Oil and Its Meaning, from Energy Myths & Realities.
-Mass unemployment -Starvation -Near-stone age conditions
Which of the following are considered forms of renewable energy. Select all that apply. This question allows you to select multiple answers.
-Solar -Wind -Biomass -Geothermal
What factors makes the cultivation of sugarcane and the subsequent ethanol fermentation a clearly energy - rewarding enterprise?
-Sugarcane photosynthesizes year around -Its average global yield is about 65 ton/hectare -Ethanol production does not require any external fuel -Do not need any nitrogen fertilizers Answer: All the choices are correct
By the 1930s, there were __________ commercial makers of electric automobiles in the U.S.
0
Solar power accounts for approximately _____ percent of global electrical generation.
1
Gigawatt GW
1 billion watts
Megawatt MW
1 million watts
Terawatt TW
1 trillion watts
4 key constraints on wind power
1. Resource and Reserve 2. Power Density 3. Wind Intermittency 4. Capacity Integration
What was the US gas production reported by the US Department of Energy in July 2008?
1.86 trillion cubic feet
Kilowatt kW
1000 watts
How much oil flows through the Strait of Hormuz each day?
17 million barrels
How much gas did Bowker believe was in each square mile of the Barnett shale?
185 billion cubic feet of gas
During the late _______, in the aftermath of the Manhattan Project and the bombing of Hiroshima and Nagasaki, there was no demand for nuclear electricity generation and no economically compelling reason to develop it rapidly.
1940's
The first oil price shock was in ____, with the Arab oil embargo which caused an ______ in oil prices and shattered the consuming countries' complacency about supply security and prices.
1973, rise
What will be the area required to supply 9 PWh of electricity by wind turbines with an average power density 2 W/m2 ?
2.0 million Km^2
In what year did the US become a net exporter of petroleum products?
2011
At what wind speeds, the wind turbines machine is shut down to protect the blades and the tower in stormy weather?
25 m/s
According to the author of the book Energy Myths and Realities, a switch to an all electric automobile fleet in the U.S. would require an increase in electrical power generation equal to _____ of all U.S. electrical generation in 2008.
25 percent
What percentage of total capacity could be contributed by wind turbines in Europe without resorting to any excessive buildup of reserve capacity?
30%
You just ate an entire Bloomin' Onion at Outback Steakhouse. It had 3080 calories. Yes -- This is true! How many hours could the amount of energy contained in the Bloomin' Onion power a 100 watt light-bulb?
3080 cal x 4186 J = 12,892,880 J 12,892,880 J / 100 watt bulb = 128,928.8 sec 128,928.8 / 60 = 2,148.81 min 2,148.81 / 60 = 35.81 hours
In the first two weeks of lectures, we discussed how energy consumption is measured quadrillion btus. We mentioned how we consume about 35 quadrillion btus in oil currently. Which if the following is the correct way to write this number?
35,000,000,000,000,000
According to the article "Bernstein Energy & Power: The EVs are coming! The EVs are coming!," under the bullish case, how much new natural gas demand is projected to be needed in 2040 to generate additional electrical power versus today?
4 bcfd
1 rig in 2016 was equivalent to how many in 2010?
4.4
In 2010, how much trillion cubic feet of gas would be produced from shale formations?
4.86 trillion cubic feet
According to the article "Bernstein Energy & Power: The EVs are coming! The EVs are coming!," by 2040, what percentage of U.S. electricity will be generated by natural gas?
40%
The amount of solar energy absorbed by the Earth's atmosphere, land, and oceans every year is approximately equal to __________ times the total energy consumption in the United States.
40,000
How many gallons in a barrel of oil?
42 gallons
Which of the following is part of the exploration process?
4D Seismic Sectioning
Since the 1970's how often has there been an oil price shock?
5-7 years
According to the article "Bernstein Energy & Power: The EVs are coming! The EVs are coming!," the Tesla analyst's base case projects what percentage of all automobile sales to be electric vehicles by 2040?
50%
Approximately, how much debt financing is used for a typical wind project?
50%-70%
According to the U.S. Wind Industry Annual Market Report 2017, published by the American Wind Energy Association (AWEA), wind energy generated approximately ___ of U.S. electricity in 2017.
6.3%
If you had a home with nine 60 watt light bulbs burning, how much energy is being used?
60 watts x 9 hours = 540 watts
What percentage of oil was imported in the USA by the spring of 2006?
60%
From 2008 to 2015, what was the percentage change in U.S. production of crude oil and liquids?
88%
Colonel Drake did the first commercial drilling for oil in 1859. How many years was it before the US used more oil than coal as a source of energy?
90
Which of these is an advantage of horizontal (directional) drilling?
A greater portion of the reservoir is exposed to drilling horizontally versus vertically.
What is silica commonly used as?
A insulator
In 1985/86, Saudi Arabia's jettisoning of the swing producer role and adoption of netback pricing triggered _____ in oil prices.
A sharp decrease
Men who search for oil or natural gas in areas that can be miles from the closest producing well are known as? (Note : This question is from the book" The Frackers" and can be answered by reading pages 1-46.)
A wildcatter
Which of the following is a light sweet crude oil?
API of 30 and 0.5% sulfur
What is the term that a person is called if they buy big chunks of a company and then they pressure the management of the company to make changes aimed at getting shares higher?
Activist Investor
According to the notes and lecture, which valuation method is preferred for investment in wind projects?
Adjusted Present Value (APV)
What are the secondary matters that have undoubtedly been restraining the diffusion of wind turbines and that may, in the future, combine to impose significant limits on the ultimate development of wind-powered electricity generation?
Aesthetic impact of wind farm, wind turbine noise, threat to birds and bats
Over time, electricity has been responsible for most of the energy consumption growth in the commercial sector due to the use of what? Hint: From Chapter 3 Energy Economics lecture.
Air conditioning
Who's argument echoed growing concern that the United States and the world itself was growing out of energy?
Alan Greenspan
Who received the Nobel Prize in Physics for his theory of the photoelectric effect?
Albert Einstein
According to the article, which of the following statements is true about the Chinese electric car company?
All of the choices are correct
A major disadvantage of solar power is that it is intermittent. TorF
All of these are advantages of solar power.
The change in the U.S. production of crude oil and liquids, during the 2008-2015 period, represented what percentage of the entire world's increase in production?
Almost 70%
Inventor Charles F. Kettering held a total of 186 patents. Many of his inventions were very influential in the automotive industry, including the development of Freon refrigerant for air conditioning systems, leaded gasoline to reduce knocks (with Thomas Midgley), and __________.
An electric starter that eliminated hand cranking to start gasoline-powered automobiles.
In 1978, who wrote in Scientific American that "the supply of oil will fail to meet increasing demand before the year 2000"? This question is from Chapter 4: Running Out: Peak Oil and Its Meaning, from Energy Myths & Realities.
Andrew Flower
What are hydrocarbons?
Any organic compound consisting only of carbon and hydrogen.
Who asked Rolling Stone magazine in March 2012 " We frack all the time. What's the big deal? Where is the mushroom cloud?... Where are the dogs with one leg?"
Aubrey McClendon
Who said " Some people are born with art or science influence; I've always liked places and geography"?
Aubrey McClendon
Who said "I just play the stock market, I play the commodity markets. Sometimes I win,sometimes I lose."?
Aubrey McClendon
Who spoke to the students and faculty at Harvard University about how natural gas was "fueling America's clean energy future"?
Aubrey McClendon
Who stated" Those who move first to lock in big new acreage positions when technology changes emerge as the winners"?
Aubrey McClendon
Who was an all American Energy star, representing a new wave of wildcatters absolutely sure they would shake up the country and the world?
Aubrey McClendon
Who was named one of America's top performing executives by Forbes Magazine in 2005?
Aubrey McClendon
Whom did The Daily Oklahoman call a "One-man economic boom"?
Aubrey McClendon
Who is being referred in this statement "God dang it, if we can't give him one percent of what he's made the company, what balance is there? This man has performed brilliantly."
Aubrey McMclendon
Which of the following countries was the second largest user of coal (in % of sources) in 2014 for electric power generation?
Australia
Aubrey McClendon was compared to which of the former U.S. Presidents for his ability to make everyone feel like the most important person in the room?
Bill Clinton
Which renewable fuel is expected to provide the greatest percentage of our energy needs in 2040 in the US?
Biomass
From the API reading. What are the five types of renewable energy?
Biomass, hydropower, geothermal, wind, and solar
Who wanted to hire those who "grew up poor and were disciplined by their parents, including corporal punishments"?
Bob Simpson
Which country was the first serious entry into making liquid fuels from plants for the energy industry?
Brazil
Which of the countries have the suitable conditions that can support a relatively large and profitable bio fuel industry?
Brazil
Which organization assessment put the global oil resource base of conventional and nonconventional resources, including the historical cumulative production of 1.08 trillion barrels, at 4.82 trillion barrels and likely to grow? This question is from Chapter 4: Running Out: Peak Oil and Its Meaning, from Energy Myths & Realities.
Cambridge Energy Research Associate
What was the name of the company based in Enid that became the Nation's largest privately held,"Integrated Energy Company", or one that does everything from exploring and producing oil to refining and selling it?
Champlin Refinery Company
In 2009, which company's public relations machine churned out over twenty releases touting awards it had received and new strategies it had unveiled?
Chesapeake Energy
Which company Stephen Smith(an energy industry analyst) was referring, when he said "The closest thing you're going to find to a Bill Gates story in the Energy industry"?
Chesapeake Energy
Which company adopted a tag line "America's Champion of Natural Gas"?
Chesapeake Energy
According to a press release (29 Feb. 2016) by the American Wind Energy Association (AWEA), the U.S. is the number one producer of electricity generated by wind power. What country is number two?
China
Which of the following countries used the greatest % of coal in 2014 for electric power generation?
China
What provided most of the US energy needs by the early 1900s?
Coal
What are the 3 forms of fossil fuels?
Coal, natural gas, and petroleum.
In the lectures about the Energy Value Chain, according to Dr. Simkins, there is an energy arbitrage opportunity along the border of which two countries?
Columbia and Venezuela
Which of the following is a reason why the shale boom occurred in the U.S.?
Concentration of expertise
What is the biggest portion of costs in the wind energy industry?
Construction
Calculating the NYMEX 3-2-1 crack spread. Suppose the nearby NYMEX crude futures settled at $25.85 per Bbl, gasoline settled at $1.38/gal and distillate settled at $1.26/ gal. What is the crack spread in $ per barrel.
Convert gasoline and the distillate to get the price per Bbl: $1.38 x 42 = $57.96 per Bbl $1.26 x 42 = $52.92 per Bbl Find 3-2-1 crack spread: (2xgas)+(1xdist.)-(3xcrude)=per 3 barrels (2x57.96)+(1x52.92)-(3x25.85)= 91.29 91.29/3= $30.43 per barrel
What were some of the factors that halted, and then reversed, the nuclear expansions?
Cumbersome regulations, shortage of skilled labor, major delays in construction, and drop in electricity demand
At the end of 2008, which country was far ahead in installed wind generating per-capita capacity?
Denmark
What type of fuel has the highest BTU per volume? Hint: From the Ch. 3 Energy Economics lecture.
Diesel
Know how to calculate the Refining Margin on Assignment 2 Question 61
Done
Know what a pipeline pig looks like
Done
Understand frac spread problem on Assignment 2 Problem 12
Done
Understand graphs on Assignment 2 Problems 17-18
Done
Peter Parker works for a company that refines and sells oil. What kind of company is this?
Downstream
The photo of a gas station illustrates the ____________ segment of the oil and gas industry.
Downstream
Who patented an explosive devise in 1865 to stimulate oil well?
Edward Roberts
Who was the first person to drill oil in the USA in 1859?
Edwin L. Drake
In the late 19th Century, three technologies competed to power the automobiles of the future. The three technologies were:
Electric, steam, and gasoline
Which US sector is responsible for the largest wind energy consumption?
Electricity Generation
Which subatomic is not found in the nuclear of an atom?
Electron
Which is considered as one the most important characteristics of a fuel source?
Energy Density
______________ is the cleanest, quickest and most cost-efficient way to extend today's energy supply in the future. Select the best answer. This is from the API reading.
Energy efficiency
Why does Dr. Simkins value energy? This question comes from the lecture on Energy Economics.
Energy gives us better and longer lives
Which town in being referenced as "one of the last Leave It to Beaver towns where everyone knows each other"?
Enid
What was the original name of EOG Resources?
Enron oil and gold
Which of the following is an objective of upstream exploration?
Estimating reserves
What is the most important natural gas liquid (NGL) as a feedstock to the petrochemical industry?
Ethane
Which natural gas liquid is used to make the base chemical, ethylene?
Ethane
Which of the following is not a paraffin?
Ethylene
Three specific petrochemicals from Stage 1 form the foundation of the industry. This is from the lecture on petrochemicals. These three petrochemicals are:
Ethylene, propylene, and benzene
Who said " It is more likely to see snow in New York in July than to see exports of gas from LNG terminals in the United States."
Fadel Gheit
"Rates of return get pretty minimal below sixty dollars", Harold told a Forbes reporter. TorF
False
According to the article entitled, "Myths and Facts on Wastewater Injection, Hydraulic Fracturing, Enhanced Oil Recovery, and Induced Seismicity," by Rubinstein and Mahani (Seismological Research Letters, 2015), hydraulic fracturing is the primary cause of the large change in seismicity that has been observed in the U.S. TorF?
False
George Mitchell said " There's more gas than you think in the Barnett...The prize is bigger''. TorF
False
Growth in world oil consumption is expected to be concentrated in OECD countries. This statement is: TorF?
False
In OECD countries, consumption has recovered to a level equal to that prior to the recession in 2008. TorF? (From Ch. 3 Energy Economics and updated class lecture)
False
In the case of primary energy supply, the time span needed for significant market penetration is mostly a function of financing, developing, and perfecting necessarily inexpensive infrastructures. TorF
False
Ivanhoe is the patron saint of peak-oilers, considered an infallible and prescient seer because, as we are repeatedly reminded, he correctly predicted the peak of U.S. oil production in 1970. TorF? This question is from Chapter 4: Running Out: Peak Oil and Its Meaning, from Energy Myths & Realities.
False
McClendon and Ward seized on a plan: If they could lock up wells throughout the country already producing natural gas, and then employ fracking and other improved techniques to extract additional gas from their acreage, a historic fortune could be theirs.
False
McClendon and Ward shared details of their trading with shareholders or members of Chesapeake's board of directors.
False
Natural Gas is a heavy hydrocarbon that comes from the compressed remains of plants and animals. TorF? (Note : This question is from the book" The Frackers" and can be answered by reading pages 1-46)
False
Nuclear fission is the process that powers the sun. TorF
False
Oil does not dominate at being the most economical and efficient fuel. TorF
False
Renewable Energy are forecast to continue to play leading roles through 2040 both for the US and the world. Hint: This question is from the API reading and lectures on "Energizing American". TorF
False
The United States has strong and essentially continent-wide north-south as well as east-west connections, while the Europe does not have comparably capable national network. TorF
False
The average iPhone uses less energy than a midsize refrigerator over a year, if the phone's wireless connections, data usage, and battery charging are included. TorF
False
The breakeven prices for shale wells in the same shale plays are getting higher every year because the industry is becoming more efficient. TorF
False
The nuclei of certain light elements can split, releasing a lot of energy.
False
The water used in their old formula had gummed up fractures in the rock, preventing natural gas from flowing.
False
The water used in their old formula had gummed up fractures in the rock, preventing natural gas from flowing. TorF
False
What was McClendon referring to when he said "What I never dreamed could happen, did happen?"?
Forced selling of his Chesapeake shares
What is the process of breaking up rock formation by pummeling rocks with various liquids,creating pathways for natural gas to flow to the surface, known as ? (Note : This question is from the book" The Frackers" and can be answered by reading pages 1-46)
Fracking
Which of the following countries was the largest user of nuclear energy (in % of sources) in 2014 for electric power generation?
France
_______ is a process of converting natural gas into a liquid form. This process also chemically changes the natural gas to a longer chain molecule that is a middle distillate such as diesel fuel.
Gas to liquids (GTL)
Which movie gained an academy award nomination and helped shape popular opinion about fracking?
Gasland
As discussed in the lecture, which actor famously posed with his new electric automobile? This question is from the chapter about electric cars.
George Clooney
Which American president warned "America is addicted to oil"?
George W. Bush
Which bank executive told McClendon "Come up with more collateral fast or we're going to have to sell your shares to help satisfy your debts?"?
Goldman Sachs
The first commercial hydraulic fracturing jobs, in 1949, were performed by which company?
Halliburton
Who has been referred in this statement" He was just another good, hard working guy who was grinding it out and making money. No one accused him of genius...The smart money would have bet against him,not on him."
Harold Hamm
Who wanted to discover enough crude to leave a mark on the nation and even the world?
Harold Hamm
Who was being referred to in this statement" He acted tough, talked with an Okie accent, and used the wrong words... he didn't sound smart unless you really listened to him, and then you realized he was brilliant".
Harold Hamm
What was the job which led Harold to think" Holy cow, this is what I want to do"
Hauling water to oil and gas drilling sites
What is the cyclical pattern in the Natural Gas Forward Strip called?
Head and shoulders
Who was a great promoter of ethanol, and his famous model T could run on gasoline, ethanol, or a mixture of the two fuels?
Henry Ford
What is the hard hat made of that Dr. Simkins is wearing on the petrochemical lectures?
High Density Polyethylene
Which of the following is a reason why Phillips66 invested billions of dollars into building the Sweeny Fractioner One LPG export terminal in Southeast Texas?
High demand of LPG in Asia
Why Souki had clear advantages over his rivals when he was hired by an investment banking firm calls Blyth, Eatman Dillon & Company?
His father remained well known in the region, petroleum potentates trekked to Souki's home to seek advise, petroleum potentates were eager to meet Charif, and Souki was not intimidated by the wealthy men.
How did Tom Ward liked to spend his money?
Huge homes outside OKC, Places in Bermuda and Bahamas, Land in western OK, and owner of cattle and feedlot
What is the only way electric cars could reduce global carbon emissions?
If all the additional electricity needed to power them came from carbon-free energies
Which company developed cyclic steam simulation in Alberta that injects hot pressurized steam into well bores and then leaves the steam to soak for a period ranging from a few months to three years to loosen the bitumen; the heated bitumen water mixture is then pumped to the surface? This question is from Chapter 4: Running Out: Peak Oil and Its Meaning, from Energy Myths & Realities.
Imperial Oil
What was the reason behind the energy consumption growth in the commercial sector in the 1950's? This question comes from the lecture on Energy Economics.
Introduction of air conditioning
5 types of companies that make up the Electricity Industry
Investor owned utilities, federal power administrations, municipal utilities and public utilities, co-ops, and electric marketers
According to Dr. Simkins lecture on wind energy in the US, which state is "chomping on the heels" of Oklahoma in terms of wind energy capacity?
Iowa
According to the U.S. Wind Industry Annual Market Report 2017, published by the American Wind Energy Association (AWEA), wind energy generates more than 30% of the total electrical capacity in four states. These states are:
Iowa, Kansas, Oklahoma, and South Dakota
As shown in Figure 4-1b, which of the options below best describes how the average global per-capital consumption of primary energy has evolved over 1950 to 2010. This question is from Chapter 4: Running Out: Peak Oil and Its Meaning, from Energy Myths & Realities.
It has increased over the time period.
Who said "You should ask Aubrey to help. He's been finding lots of gas in places no one thought it could be found"?
Jason Selch
Who said " With traditional drilling it's like a door-to-door salesman, most people say no and then you get a yes once in a while"?
Jerry Box
What kind of contracts have the most exposure to NGL price changes?
Keep-Whole
Who said this quote "I felt like the only person in the country who knew how much gas was in the shale"?
Kent Bowker
What was the name of the pipeline that promised to add over 800,000 barrels of Canadian tar-sands crude each day to U.S. energy supplies, potentially lowering prices still further?
Keystone XL
According to what person, did they say that the end of the oil era in the near future will bring "the inevitable doomsday" to be followed by "economic implosion," which will make "many of the world's developed societies look more like today's Russia than the U.S."? This question is from Chapter 4: Running Out: Peak Oil and Its Meaning, from Energy Myths & Realities.
L.F. Ivanhoe
What percentage of US gas production came from Shale Fields in 2005?
Less than 5%
Jon Snow buys 100 barrels of crude oil on the Winterfell exchange for 40 crowns. He then sells them on the Kings Landing commodity market for 50 crowns. What is this called?
Location Arbitrage
What product did Syntroleum make?
Long chain Diesel fuel
Who assumed that the extraction of any mineral resource follows an exhaustion curve that conforms to the normal symmetrical, bell-shaped distribution; there is no prolonged plateau, and the peak output is rapidly followed by a decline whose course mirrors the production rise? This question is from Chapter 4: Running Out: Peak Oil and Its Meaning, from Energy Myths & Realities.
M. King Hubbert
Where does the Distillation process come from?
Making moonshine
Which is the biggest Natural Gas basin?
Marcellus
The figure illustrates a business form (see the box called Phillips 66 Partners LP) that trades on a public exchange where 90% of the qualifying revenue is due to natural resource activities. This business form is very important to the energy industry and is a way to raise capital where the parent company still controls the assets. This was discussed in the Midstream lecture.
Master Limited Partnership
What hydrocarbon has 4 hydrogens and 1 carbon?
Methane
What is the major component of natural gas?
Methane
Fertilizer is made primarily from which feedstock into the chemical industry?
Methane (natural gas)
Who shared a similar family history with George Mitchell-They both were sons of poor Greek immigrants who had changed their names shortly after arriving in America?
Michael Johnson
Since 2006, what has been the fastest growing sector of the oil and gas industry?
Midstream
_________ is a term often used to describe the processing, storage and transportation sectors within the oil and gas industry. It defines the industry processes that occur between the upstream and downstream sectors.
Midstream
___________ is the observation that the number of transistors in a dense integrated circuit doubles approximately every two years and is associated with price declines.
Moore's law
What did Bill Stevens told Mitchell Energy board members about the Barnett Shale?
Moose pasture land
What are the three principal feedstocks for the chemical industry. (I do not mean the base petrochemicals. I am asking about the feedstocks into the chemical industry.)
Naptha, natural gas, and natural gas liquids
Who owns the majority of hydrocarbon assets in the world? This is from the API reading?
National Governments
"This is the fuel of the future, it will be in demand. Everything will change". What was the fuel McClendon was referring in this statement?
Natural Gas
What is the primary ingredient in chemical fertilizer?
Natural Gas
What was McClendon referring to when he said " We have found something that can liberate us from the influence of OPEC, that can put several millions Americans back to work, liberate us from four-dollars gasoline. It is too good to be true? Sometimes it seems that way."
Natural Gas
What is used to measure the complexity of a refinery?
Nelson complexity index
What is the foremost consideration for any energy source?
Net Energy Return
According to the U.S. Wind Industry Annual Market Report 2017, published by the American Wind Energy Association (AWEA), which state added wind power capacity at a rate faster than any other state (51% increase)?
New Mexico
What was the name of Chesapeake's first well drilled on June 27,1989 in Grady County, Oklahoma?
Newby 1-1 well
According to the article, what Chinese electric car maker was listed on the NYSE as of Sept. 12, 2018?
Nio
Refining and marketing is known collectively as ___________. (upstream, petrochemicals, midstream or no choice is correct)
No choice is correct
Which petrochemical feedstock (hint: think of a natural gas liquid) is the most important, #1, to the petrochemical industry. Which is #2?
None of the answers are correct
_____________ developed a high-density nickel-iron-alkaline battery that has come to be used mainly as a dependable standby source of electricity rater than a competitive prime mover for electric vehicles.
None of these are correct
Which of the following countries was the largest user of hydropower (in % of sources) in 2014 for electric power generation? Remember that hydropower is a renewable energy source
Norway
Which energy is the only low-carbon footprint option that is readily available on a gigawatt -level scale?
Nuclear Power
What are significant sources of energy used in US electricity generation? By this, we are referring to sources that provide at least 5 % of the power.
Nuclear, renewables, coal, and natural gas
Which complexes, centered on large nuclear plants and located in coastal desert areas, were to produce energy for the desalinization of sea water, synthesis of fertilizers, industrial activity, and intensive crop cultivation that would make desert habitable?
Nuplexes
What is considered the world's first true synthetic fiber?
Nylon
Which city did McClendon care about and was determined to help it reinvent itself as a cultured and world-class city?
OKC
Is operating costs higher for onshore wind or offshore?
Offshore
Which of the following plants were incorrectly thought by some to be able to liberate poor countries from dependence on imported oil?
Oil palm and Jatorpha
What is the 4th largest natural gas producing state? As stated in the lecture.
Oklahoma
Experimental Breeder Reactor (EBR-1)
One of the first nuclear plants to generate electricity. Took place at the Idaho National Lab.
What was the ownership stake of Mitchell brothers for each well they drilled for the investor group? (Note : This question is from the book" The Frackers" and can be answered by reading pages 1-46.)
One thirty-second
Who discovered nuclear fission?
Otto Hahan
Based on the API reading (Energizing American) and video lecture, the current forecast is that the world is expected to require ___ more energy in 2040 than in 2010.?
Over 50% more
Which of the following best describes the view of the author of Energy Myth and Realities with respect to electric powered automobiles?
Pessimistic
Who in his acceptance speech for the Binneial OPEC Awards in 2006 concluded that today's peak-oilers, much like their predecessors, will soon proved wrong; that the present contribution of oil and natural gas to the global total primary energy supply will decline only modestly by 2050; and while natural gas will become the leading fossil fuel, the oil industry at the end of the twenty-first century will still be larger than it was in 2003. This question is from Chapter 4: Running Out: Peak Oil and Its Meaning, from Energy Myths & Realities.
Peter Odell
What provided most of the US energy needs by the early 1950s?
Petroleum
What provided most of the US energy needs by the early 2000s?
Petroleum
What was Tom Ward referring to when he said "I missed the enormity of the change?"?
Plunging gas price
You just purchased a bottle of your favorite soft drink at the convenience store. This bottle is most likely made from which of the following plastics?
Polyethylene terephthalate (PETE)
The October 1973 Embargo and the production effects of Iranian Revolution followed by the last 1970s Iran-Iraq war had a similar effect on oil prices. What was this effect?
Prices more than doubling
What was the name of the 200,000 square mile formation?
The Bakken
What is the second most important natural gas liquid (NGL) as a feedstock to the petrochemical industry? Hint: This is from the Midstream lecture.
Propane
__________ is sand or similar particulate material suspended in water or other fluid and used in hydraulic fracturing (fracking) to keep fissures open.
Proppant
Which of the following is the most abundant form of hydrogen?
Protium
Lagavulin blends one $60 barrel and one $90 barrel. They sell the blend for $200 a barrel. What is this called?
Quality Arbitrage
Which mineral comprised nearly half of the mineralogy of the shale rock? (Note : This question is from the book" The Frackers" and can be answered by reading pages 1-46.)
Quartz
Which of the following technologies did not contribute to the shale boom during the 2008-2015 period?
Radiography
What is the source of cellulosic ethanol?
Residual Phytomass
The man responsible for the U.S. Navy's nuclear propulsion program.
Rickover
What is one of the most used indicator of industrial activity in the upstream (which also impacts the oilfield and equipment sector) part of the oil and gas industry?
Rig count
What was Col. Drake's oil company? This question comes from the lecture on Energy Economics.
Rock Oil Company
What petrochemical product is used in baby diapers that Dr. Simkins explains in her lecture?
SAP
Which of the following countries was the largest user of petroleum (in % of sources) in 2014 for electric power generation?
Saudi Arabia
What was the group name that petitioned the department of Commerce to impose tariffs on crude oil coming from Saudi Arabia,Mexico,Venezuela and Iraq?
Save Domestic Oil Inc.
George Mitchell's father was named __________ and was an immigrant from __________ .
Savvas Parakevopoulos; Greece
What is the most expensive way to transport oil? Hint: This is from the Midstream lecture.
Semi-truck
Which is an example of a source rock?
Shale
What was the nickname coined for farmers, ranchers, and homeowners who became wealthy leasing drilling rights to their properties in the shale formations?
Shale-ionaires
What was the name of an exploration company Harold Hamm incorporated in 1967 at the age of twenty two?
Shelly Dean Oil Company
Which group applauded the push into shale drilling, hoping natural gas might take market share away from dirtier coal and oil sources?
Sierra club
What are the three primary reference refining margins?
Singapore, Northwest Europe, and US Golf Coast
Which of the following choices was one of the technologies behind the shale oil boom in the U.S. from 2008-2014?
Slickwater
If solar power technology could be 20% efficient at turning solar power into electricity, we would need to cover a land area the size of __________ to power the entire earth.
Spain
What was the name of the shale that ran under much of North Texas? (Note : This question is from the book" The Frackers" and can be answered by reading pages 1-46)
The Barnett Shale
Which"Chokepoint" has the most crude oil in the world flow through it daily and how much flows through it?
Straight of Hormuz, 17 million barrels per day
Which one of the companies operate large excavators in sprawling, opencast mines in Alberta oil sands and use the world's largest off-road trucks to take the sand to extraction plants, after which the liquid goes to upgrading facilities that convert it to light, low-sulfer crude oil. This question is from Chapter 4: Running Out: Peak Oil and Its Meaning, from Energy Myths & Realities.
Suncor
What does Boone Pickens NOT liked to be called?
Tar Man
The natural gas producing Barnett Shale is located in which state?
Texas
What was the name of George Mitchell's planned city that would embrace his evolving views on the environment and sustainability? (Note : This question is from the book" The Frackers" and can be answered by reading pages 1-46)
The Woodlands
Experimental Breeder Reactor #1 (EBR-1) was one of the first nuclear power plants to generate electricity, however its primary purpose was to prove which theory?
The capture of neutrons by uranium-238, producing plutonium-239, would produce more fuel than consumed in the process.
What did Dr. Simkins say about Hurricane Harvey?
The crack spread increased rapidly
According the February 2017 OGJ crack spread, which of the following is true?
The crack spread is in contango
According to Dr. Simkins lecture on wind energy in the US, what is the reason she gives why U.S. wind energy grew in California in the 1980's and then stagnated nationwide during this decade?
The oil price collapse in the mid-1980s
Which of the following is not a concern about nuclear power, according to the author of "Energy Myths and Realities" (Smil)?
The possibility of a nuclear explosion as a nuclear power plant.
In the syllabus lecture and about me, Dr. Simkins explained why she is referred to as an "Ex Con". What is the reason?
This is a name given to people who worked for Conoco in the past. She worked for them too.
__________ was an early proponent of electric-powered automobiles.
Thomas Edison
Why did Harold Hamm want to pursue an initial public offering of Continental Resources?
To compete with EOG and others for employees, cash in on some of his holdings in the company, cash to drill the Bakken and get better borrowing rates
The US can now export crude oil as of January 2016, the first time in the last 40 years. This statement is: TorF?
True
What is the overall and primary goal of the Energy Value Chain?
To make money
Why did McClendon and Ward arranged lines of credit at major Wall Street firms?
To make trade in personal accounts
Who said "If I wouldn't have taken on debt, I would still be on a tractor"?
Tom Ward
Which US sector is responsible for the largest petroleum consumption? Hint: From the Ch. 3 Energy Economics lecture.
Transportation
Accordingly, even if all requisite new HV transmission interconnections were in place, slightly more than two units of generating capacity in wind and solar would be needed to replace a unit in coal, gas, oil, and nuclear—and the country would have to build about 1,740 GW of new wind and solar capacity in a decade, 1.75 times as much as it built during the past fifty or more years. TorF
True
An important disadvantage of solar power is that batteries to store electricity generated by solar cells are expensive. TorF
True
Commodity chemical prices are more cyclical than specialty chemical prices. TorF
True
George Mitchell knew all about the gloomy history of various regions of the country, and about how disappointing shale and other unconventional rock had been. TorF
True
If we are guided by Gore's specific goals, it is rather easy to quantify America's repowering challenge. TorF
True
In 2008, the country generated about 3.75 PWh in fossil-fueled and nuclear stations, the two nonrenewable forms of generation that Gore wants to have entirely replaced by renewable conversions. TorF
True
Laundry detergent is a petroleum product. TorF? This question comes from the lecture on Energy Economics.
True
Oil Drilling, Inc was the name of the company Mitchell brothers opened with the third partner in downtown Houston in 1946. TorF? (Note : This question is from the book" The Frackers" and can be answered by reading pages 1-46.)
True
Patrick Moore, the Co-founder of Greenpeace, and many other believed that nuclear generation is the best and most readily available choice for preventing rapid and possibly catastrophic global warming.
True
Scientists predict the sun will turn into a red giant in approximately 5-6 billion years. TorF
True
Sugar cane yield of ethanol is much more than corn derived ethanol. TorF
True
Sun Energy production team decided to shut down a loser well after it turned into a huge winner after the production soared in Austin Chalk area. TorF
True
Sweet crude has less than 1% sulfur content and sour crudes have greater than 1% sulfur. This statement is: TorF?
True
The landman profession is uniquely American. That's because the United States is among the few countries in which citizens, rather than the government, own the mineral rights under their own properties.
True
The law in Oklahoma was such that a land owner could either lease his land to those wishing to produce oil or gas on it, or drill acreage himself.
True
The proposals by Gore, Pickens, and others about changing energy sources is that they ignore one of the most important realities: the inherently slow pace of energy transitions. TorF
True
The quintupling of world oil prices in 1973-1974 had a decidedly negative effect on nuclear fortunes.
True
The refining industry and petrochemical industry are cyclical industries. TorF
True
Urnanium-235 is occurs naturally. TorF
True
What country caused oil prices to decrease due to an increase in shale production?
USA
What is driving Gas production in the United States?
Unconventional reservoirs
Who is the world's largest natural gas producer? (Hint: Look at the API reading.)
United States
Jon Snow (from Game of Thrones) is doing Geophysical prospecting north of the wall. What part of the energy value chain is he involved in?
Upstream
What are the 3 sectors of the Oil and Natural Gas industry? In other words, what are the sectors of the energy value chain.
Upstream, midstream, and downstream
Who sees cellulosic ethanol as a fuel that "is greener, cheaper, more secure than gasoline-and this shift won't cost the consumer, automakers or the government anything"?
Vinod Khosla
What was the sophisticated financing scheme called that would led Chesapeake to receive upfront cash in exchange for oil and gas production to be delivered over a number of years, in a financial vehicle setup by Wall Street Investment banks?
Volumetric Production Payment
Process in which nuclear power generates electricity within a typical pressurized water reactor?
Water is heated into steam by a controlled nuclear fusion reaction. This steam then turns a turbine which produces electricity.
Rank the following electric power units from smallest to largest, where the smallest is 1 watt and the largest is 1 x 10 ^ 15 (1,000,000,000,000,000) watts.
Watt, kilowatt, megawatt, gigawatt, terawatt, and petawatt
What is Steinsberger referring to when he said" They started slowly, but they kept on going".
Wells that relied on his new watery fracking fluid
What are the two leading global benchmark crude oils, including the location of the crude oil?
West Texas Intermediate at Cushing, OK and Brent in the North Sea (UK)
When are Alpha Particles dangerous?
When they are inside the body
Which of the following is a Midstream company?
Williams
What provided most of the US energy needs in the early 1800s?
Wood
The number of protons an atom has tells us the __________.
atomic number
Pros of nuclear power
carbon-free power generation
_________ give up their outermost electrons pretty easily.
copper atoms
An energy transition _______________________________.
encompasses the time that elapses between the introduction of a new primary energy source and its rise to claiming a substantial share of the overall market.
Ethane when cracked becomes _____.
ethylene
What are the three sectors that the electric industry is broken into?
generation, transmission & distribution, and retail sale of electricity
A variant of a particular chemical compound that differs in the number of neutrons in the nucleus is known as a(n) __________.
isotope
According to the API reading, the US is expected to need about ___ % more energy and the world is expected to need ___ % more energy by 2040. Choose the best answer.
less than 10%; more than 50%
What is a good example of when a very significant buildup of unbalanced electrons move in air?
lightning
LNG stands for ____ and consists primarily of _____.
liquefied natural gas; methane
A popular reactor design is the pressurized water reactor, which uses water as the coolant. However, the Experimental Breeder Reactor #1 (EBR-1) used __________ as the reactor coolant.
liquid sodium and potassium metal
Fissile material is:
material capable of sustaining a nuclear fission chain reaction with neutrons of any energy.
Cons of nuclear power
possibility of accidents
Energy
power x time
Breeder concept
produce more energy than it consumed
The nucleus of an atom is made up of __________ and usually a similar number of neutrons.
protons
Ionizing radiation
radiation with enough energy to remove electrons from an atom, creating an ion
What is the nickname that Dr. Simkins gave the electrical engineering course that teaches about electrical power?
sparks and magic
Finally, when asked to name the world's most important continuously working prime mover, most people would not name the ________.
steam turbine
An isotope of hydrogen that has two neutrons in the nucleus is known as __________.
tritium