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Math Assignment Intro

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lyneexie
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8 views

Math Assignment Intro

Uploaded by

lyneexie
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Our research question is: How has crude oil exports from Canada changed from 2005

to 2020? The reason we are interested in this question is that by analyzing the changes
in crude oil exports over the past 16 years and the associated rates of change, we can
assess changes in Canadian energy demand and fluctuations in crude oil prices. At the
same time, changes in exports can lead not only to changes in Canadian crude supply,
but also to fluctuations in demand from other countries. As a key component of the
energy industry, this research question helps predict future market trends, policy
changes, and how to balance economic growth with environmental sustainability.

Our dataset reflects different types of oil exports including diluted bitumen, synthetic
crude oil and conventional crude oil. Diluted bitumen is a heavy oil, which usually
mixed with thinner to reduce viscosity. Synthetic crude oil is a light crude oil formed
by upgrading crude oil located in oil sands. Conventional crude oil refers to oil
extracted by conventional methods.

The numbers in the data set represent the corresponding rate of change for each oil
resource from 2005 to 2020. When time = 1, it represents 2005. Data unit:
Corresponding crude oil exported/year. The independent variable in the data set is the
year (time), which is 2005 to 2020. The dependent variables in the data set are three
different types of oil exports and their rates of change. These data help analyze the
changes in demand and supply in the energy market.

Our data sources are reports from CAPP (Canadian Association of Petroleum
Producers) and CER (Canadian Crude Oil). Here are the specific links:
https://www.capp.ca/wp-content/uploads/2024/03/Canadian-Exports-of-Crude-Oil-
and-Natural-Gas.pdf
https://www.cer-rec.gc.ca/en/data-analysis/energy-commodities/crude-oil-petroleum-
products/report/canadian-crude-oil-exports-30-year-review/
These reports provide reliable evidence for us to analyze trends in Canadian crude oil
exports through statistics on different types of crude oil exports.

By analyzing the data set, we can briefly summarize the following points. First, the
export volume of diluted bitumen showed a trend of steady growth. Second, the
changes of synthetic crude oil appear to be volatile, which may be influenced by oil
prices and market demand. Third, although the export volume of conventional crude
oil fluctuates slightly, it tends to be stable after 2015, which shows that the export
volume of conventional crude oil is more stable than that of other two kinds of oil.

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