MAM2130 Energy & Resources Supply & Distribution

1.1 identify key local, national and global markets and destinations for an energy or mineral resource

1.2 explain major functions of marketing within an energy or mineral industry; e.g., market survey and research, product and/or service planning, advertising and promotion, price determination, sales

1.3 represent the basic stages through which a product moves en route to market; e.g., recovery and production, processing and refining, product brokering, transport

1.4 explain the laws of supply and demand and factors that cause changes in supply and demand for a commodity, product or service; e.g., trade regulations, economic conditions, environmental concerns, consumer trends, new technology

1.5 identify basic price determinants and trends for a commodity, product or service; e.g., product characteristics, balance between supply and demand, inflation and dollar value, political instability, storage and/or distribution costs

1.6 research one or more distribution networks within the energy or mineral industry used to move a commodity or product to market; e.g., pipeline systems, tankers and barges, rail and trucking systems, power grid

1.7 explain the function of intermediate stops in moving a commodity or product to market

1.8 identify safety and environmental standards and emergency response plans relevant to transporting an energy or mineral product

2.1 explain the concept of supply management and differences between nonregulated (open) and regulated (closed) market systems; provide examples of open and closed market systems

2.2 explain the role and impact of regulatory systems and strategies used in marketing a commodity, product or service; e.g., marketing boards, cooperatives, quota systems, monopolies

2.3 describe local and global marketing structures used to facilitate commodity exchange and establish benchmark prices

2.4 evaluate the impact of government policies and legislation on marketing activities within an energy or mineral industry; e.g., provincial, national and international trade agreements, deregulation and free trade, transportation policies and safety and environmental standards

2.5 describe the mandates of provincial, national and foreign agencies in regulating exchange of a commodity, product or service; e.g., Alberta Petroleum Marketing Commission, National Energy Board, Organization of the Petroleum Exporting Countries (OPEC), California Gas Transmission Commission

2.6 identify and evaluate viable alternatives for marketing within an energy or mineral industry; e.g., direct producer marketing, open markets, marketing boards, cooperatives

3.1 demonstrate fundamental skills to:

3.2 demonstrate personal management skills to:

3.3 demonstrate teamwork skills to:

4.1 recognize and then analyze the opportunities and barriers in the immediate environment

4.2 identify potential resources to minimize barriers and maximize opportunities