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What is an REA data model?
Oil Refineries
Industrial processing plants where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, and jet fuel.
Hurricane Katrina
One of the deadliest hurricanes to hit the United States, causing widespread destruction along the Gulf coast, particularly in New Orleans, in August 2005.
Price Floor
A government-imposed limit on how low a price can be charged for a product, aimed to ensure fair conditions for producers.
Temporary Surplus
A situation where the supply of a product exceeds demand for a short period, often leading to price reductions.
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