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.
Confined Aquifer. An aquifer that exists where the groundwater is bounded between layers of impermeable substances like clay or dense rock. When tapped by a well, water in confined aquifers is forced up, sometimes above the soil surface. This is how a flowing artesian well is formed.Also known as artesian or pressure aquifers.n aquifer that exists where the groundwater is bounded between layers of impermeable substances like clay or dense rock. When tapped by a well, water in confined aquifers is forced up, sometimes above the soil surface. This is how a flowing artesian well is formed.