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.
In mountainous areas (or near rivers in mountainous areas), the main aquifers are typically unconsolidated alluvium, composed of mostly horizontal layers of materials deposited by water processes (rivers and streams), which in cross-section (looking at a two-dimensional slice of the aquifer) appear to be layers of alternating coarse and fine materials.