Due to the market-to-market difference of commodities, limitation in report scope and data availability, this project focuses on the fundamental analysis approaches for the prices of a major kind of energy derivative: the crude oil futures.
An aquifer is an underground layer of water-bearing permeable rock, rock fractures or unconsolidated materials (gravel, sand, or silt) from which groundwater can be extracted using a water well. The study of water flow in aquifers and the characterization of aquifers is called hydrogeology. Related terms include aquitard, which is a bed of low permeability along an aquifer, and aquiclude (or aquifuge), which is a solid, impermeable area underlying or overlying an aquifer. If the impermeable area overlies the aquifer, pressure could cause it to become a confined aquifer.
There are two end members in the spectrum of types of aquifers; confined and unconfined (with semi-confined being in between). Unconfined aquifers are sometimes also called water table or phreatic aquifers, because their upper boundary is the water table or phreatic surface.quifers are typically saturated regions of the subsurface that produce an economically feasible quantity of water to a well or spring (e.g., sand and gravel or fractured bedrock often make good aquifer materials).