Virtual Barrels

Virtual Barrels
Author: Ilia Bouchouev
Publisher: Springer Nature
Total Pages: 345
Release: 2024-01-05
Genre: Mathematics
ISBN: 3031361512
GET BOOK

The global oil market is no longer solely influenced by the supply and demand of physical oil barrels. In today's landscape, financial barrels traded by hedge funds using quantitative algorithms and dealers managing large portfolios of oil derivatives are equally crucial in determining the price of oil. This book offers a fascinating insight into the world of oil derivatives, exploring the quantitative models and trading strategies used by professional market participants. With a focus on oil options and volatility trading, the reader is taken on a journey through the story of this market, narrated by one of its pioneers who managed a highly successful trading business for almost a quarter of a century. Bridging the fields of energy economics and mathematical finance, this book demonstrates how the science of trading can unearth unique opportunities in the oil market. Written for aspiring quantitative traders and academic researchers alike, it offers a rare glimpse into the opaque and secretive world of oil derivatives, showcasing how it operates in practice.

40 Classic Crude Oil Trades

40 Classic Crude Oil Trades
Author: Owain Johnson
Publisher: Routledge
Total Pages: 269
Release: 2022-01-31
Genre: Business & Economics
ISBN: 1000539458
GET BOOK

The day-to-day world of crude oil traders is not usually open to outsiders. Few non-specialists appreciate how oil traders approach the markets, what their backgrounds are and how they make money. This book brings the oil trading world to vivid life by introducing the reader to 40 real-life trades or strategies that were carried out by named market participants. The 40 chapters cover different geographies and different crude oil markets, providing an unparalleled insight into how crude oil traders work and think. Oil trading developed in its current form in the 1980s and the chapters cover these early beginnings through to the present day. The trades have been grouped in sections that relate to the nature of each trade and its broader use as an example of a successful trading style. Sections cover approaches to arbitrage trading; the impact of geopolitics; logistics and storage plays; short-term versus longer term trading; managing new crude oil grades; trading crude oil derivatives. The book provides plenty of inspiration for current or prospective crude oil traders or analysts. It will also be valuable for academic researchers, business school case studies, and for anyone wanting to learn more about the individuals that shape the world’s most important commodity market.

Crude Volatility

Crude Volatility
Author: Robert McNally
Publisher: Columbia University Press
Total Pages: 336
Release: 2017-01-17
Genre: Business & Economics
ISBN: 0231543689
GET BOOK

As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.

Buffalo, Barrels, and Bourbon

Buffalo, Barrels, and Bourbon
Author: F. Paul Pacult
Publisher: John Wiley & Sons
Total Pages: 242
Release: 2021-09-03
Genre: Business & Economics
ISBN: 1119599938
GET BOOK

Learn about one of the most impactful distilleries in American history in this comprehensive tale Buffalo, Barrels, & Bourbon tells the fascinating tale of the Buffalo Trace Distillery, from the time of the earliest explorations of Kentucky to the present day. Author and award-winning spirits expert F. Paul Pacult takes readers on a journey through history that covers the American Revolutionary War, U.S Civil War, two World Wars, Prohibition, and the Great Depression. Buffalo, Barrels, & Bourbon covers the pedigree and provenance of the Buffalo Trace Distillery: The larger-than-life personalities that over a century and a half made Buffalo Trace Distillery what it is today Detailed accounts on how many of the distillery’s award-winning and world-famous brands were created The impact of world events, including multiple depressions, weather-related events, and major conflicts, on the distillery Belonging on the shelf of anyone with an interest in American spirits and history, Buffalo, Barrels, & Bourbon is a compelling must-read.

Understanding Oil Prices

Understanding Oil Prices
Author: Salvatore Carollo
Publisher: John Wiley & Sons
Total Pages: 212
Release: 2011-12-27
Genre: Business & Economics
ISBN: 1119962722
GET BOOK

It’s a fair bet that most of what you think you know about oil prices is wrong. Despite the massive price fluctuations of the past decade, the received wisdom on the subject has remained fundamentally unchanged since the 1970s. When asked, most people – including politicians, financial analysts and pundits – will respond with a tired litany of reasons ranging from increased Chinese and Indian competition for diminishing resources and tensions in the Middle East, to manipulation by OPEC and exorbitant petrol taxes in the EU. Yet the facts belie these explanations. For instance, what really happened in late 2008 when, in just a few weeks, oil prices plummeted from $144 dollars to $37 dollars a barrel? Did Chinese and Indian demand suddenly dry up? Did Middle East conflicts magically resolve themselves? Did OPEC flood the market with crude? In each case the answer is a definitive no – quite the opposite in fact. Industry expert Salvatore Carollo explains that the truth behind today’s increasingly volatile oil market is that over the past two decades oil prices have come untethered from all classical notions of supply and demand and have transcended any country’s, consortium’s, cartel’s, or corporate entity’s powers to control them. At play is a subtler, more complex game than most analysts realise (or are unwilling to admit to), a very dangerous game involving runaway financial speculation, self-defeating government policymaking and a concerted disinvestment in refinery capacity among the oil majors. In Understanding Oil Prices Carollo identifies the key players in this dangerous game, exploring their competing interests and motivations, their moves and countermoves. Beginning with the 1976 oil embargo and moving through the 1986 Chernobyl incident, the implementation of the US Clean Air Act Amendments of 1990, and the precipitous expansion of the oil futures market since the turn of the century, he traces the vast structural changes which have occurred within the oil industry over the past four decades, identifying their economic, social and geopolitical drivers, and analysing their fallout in the global economy. He explores the oil industry’s decision to scale down refining capacity in the face of increasing demand and the effects of global shortages of petrol, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants and other essential finished products, and describes how, beginning in the year 2000, the oil futures market detached itself almost completely from the crude market, leading to the assetization of oil, and the crippling impact reckless speculation in oil futures has had on the global economy. Finally he proposes new, more sophisticated models that economists and financial analysts can use to make sense of today’s oil market, while offering industry leaders and government policymakers prescriptions for stabilising the market to ensure a relatively steady flow of affordable oil. A concise, authoritative guide to understanding the complex, oft misunderstood oil markets, Understanding Oil Prices is an important resource for energy market participants, commodity traders and investors, as well as business journalists and government policymakers alike.

Liabilities, Liquidity, and Cash Management

Liabilities, Liquidity, and Cash Management
Author: Dimitris N. Chorafas
Publisher: John Wiley & Sons
Total Pages: 338
Release: 2002-10-01
Genre: Business & Economics
ISBN: 0471269360
GET BOOK

"This book provides a very helpful and informative insight into an aspect of finance that has become quite intricate and complex but is nevertheless very fascinating." —Dr. Henry Kaufman, President, Henry Kaufman & Company, Inc. Strategies and advice on balancing financial risk for leveraged companies In today's highly leveraged economy, good liabilities management has become vitally important. Entire sectors of the economy, and some of the biggest financial and industrial companies, face dramatic overexposure problems. But adequate internal liability controls can greatly reduce risk. Featuring case studies in a number of industries and examples of both proper and improper liabilities management in major organizations, Liabilities, Liquidity, and Cash Management shows managers, accountants, investment advisors, and other professionals who deal with liabilities and overexposure how they can implement good internal controls on liability and overexposure. It provides modern tools, critical strategies, and timely advice specifically tailored to the needs of companies facing overexposure and debt risk in a volatile economy. Topics include: Loss of capitalization Derivatives Risks of globalization Sensitivity analysis, gap analysis, stress testing, and value-added solution Real-time financial reporting and virtual balance sheets Liquidity management Money markets, yield curves, and interest rates Mismatch risk profiles Credit risk Risk in the new economy

Studies in Lexicogrammar

Studies in Lexicogrammar
Author: Grzegorz Drożdż
Publisher: John Benjamins Publishing Company
Total Pages: 284
Release: 2016-08-04
Genre: Language Arts & Disciplines
ISBN: 9027266662
GET BOOK

The leitmotif, but not exclusive theme, of the present volume is Ronald Langacker’s (1987) thesis that “lexicon, morphology, and syntax form a continuum of symbolic units serving to structure conceptual content for expressive purposes”. The concept of the lexicogrammar continuum contrasts especially with mainstream generative grammar, but also, although less radically, with other cognitive linguistic paradigms, such as Construction Grammar. The contributors to this volume explore the lexicogrammar continuum and other issues of the architecture of language mostly from a cognitive linguistic perspective. A wide range of theoretical and methodological themes is covered such as the integration of discourse and interactional phenomena into Cognitive Grammar, the status of introspective data, figurative language and thought (i.e. metaphor and metonymy), morphosyntactic constructions, and phonological structure. Besides English (including Old English), languages analyzed in some detail include Polish, Czech, Dutch, Estonian, Georgian, German, Danish, and Portuguese. The volume will be of interest to scholars and graduate students in cognitive linguistics, especially Cognitive Grammar, Construction Grammar, metaphor and metonymy, and corpus linguistics.

The Chronicles of Pirah

The Chronicles of Pirah
Author: Earl Fairfeild
Publisher: AuthorHouse
Total Pages: 151
Release: 2014-09-18
Genre: Fiction
ISBN: 1496938305
GET BOOK

This story that is a series of volumes begins with a man being brought to a lake shore in Scotland by what would be described as Sasquatch or Big Foot to be reintroduced to his actual selfa life like no other, a life that would span the ages of earth, and all of the life forms that dwelled upon her. This story may explain many mysteries of this world, blending science with lore and ancient tales told to children before bed. Even more so that the tales of old are not just imaginative minds conjuring a good yarn, but molecular memory of the first five ages of man on this earth mother. Each being wiped out by the Purges as directed by the greater powers of the universe, only to begin again with a new age. This age of man, the one you and I live in now being the only mortal age for the Greater Powers are not without curiosity. A need to knowwhat if?

Take Control of 1Password, 6th Edition

Take Control of 1Password, 6th Edition
Author: Joe Kissell
Publisher: alt concepts
Total Pages: 130
Release: 2024-03-20
Genre: Computers
ISBN: 199078318X
GET BOOK

Easily create and enter secure passwords on all your devices! Version 6.2, updated March 20, 2024 Annoyed by having to type hard-to-remember passwords? Let 1Password do the heavy lifting. With coverage of 1Password version 8 for Mac, Windows, Linux, iOS/iPadOS, Android, and Apple Watch, author Joe Kissell shows you how to generate and enter secure passwords, speed up your online shopping, and share and sync web logins and other confidential data. Wrangling your web passwords can be easy and secure, thanks to 1Password, the popular password manager from AgileBits. In this book, Joe Kissell brings years of real-world 1Password experience into play to explain not only how to create, edit, and enter web login data easily, but also how to autofill contact and credit card info when shopping online, audit your passwords and generate better ones, handle two-factor authentication (2FA), sync data across devices using a hosted 1Password account (individual, family, or business), and securely share passwords with family members, coworkers, and friends. This fully revised sixth edition covers 1Password version 8 for Mac, Windows, Linux, iOS/iPadOS, Android, and Apple Watch. It does not include instructions for using earlier versions of 1Password. Topics include: Meet 1Password: Set your master password, explore the various 1Password components, and decide on your ideal usage strategy. What's New in Version 8: 1Password 8 unifies features and interface across platforms and adds important new features—but it also includes some controversial changes. Learn what has changed, how to migrate from older versions, and what new behaviors you must adjust to. Master logins: In 1Password, a typical login contains a set of credentials used to sign in to a website. Find out how to create logins, sort them, search them, tag them, and more. You’ll also find help with editing logins—for example, changing a password or adding further details. Understand password security: Get guidance on what makes for a good password, and read Joe’s important Password Dos and Don’ts. A special topic covers how to perform a security audit in order to improve poor passwords quickly. Go beyond web logins: A primary point of 1Password is to speed up web logins, but 1Password can also store and autofill contact information (for more than one identity, even), along with credit card information. You’ll also find advice on storing SSH keys, passwords for password-protected files and encrypted disk images, confidential files, software licenses, scans of important cards or documents, and more. Sync your passwords: Discover how a hosted 1Password account can sync all your data securely across your devices. Share your passwords: Learn to store passwords within a family or team hosted account, or even with people who don't already use 1Password at all. You’ll also discover the answers to key questions, including: • Should I keep using my web browser’s autofill feature? • What about iCloud Keychain? Should I use that too? • Do I need the full 1Password app, or is the browser extension enough? • How does the Universal Autofill feature for Mac work across browsers and apps? • What are passkeys, and what can 1Password do with them? • How can 1Password help me with sites where I sign in with my Apple, Google, or Facebook account? • What's the easy way to prevent sensitive information from falling into the wrong hands at a border crossing? • What can I do quickly to get better password security? • How can I find and update weak passwords I created long ago? • What should I do about security questions, like the name of my pet? • How can 1Password provide a time-based one-time password (TOTP)?

The Thousand and One Borders of Iran

The Thousand and One Borders of Iran
Author: Fariba Adelkhah
Publisher: Routledge
Total Pages: 340
Release: 2015-09-16
Genre: Social Science
ISBN: 1317418972
GET BOOK

A country marked by controversy, Iran’s social, cultural and political dynamics are too often reduced to a few misleading clichés. Islamism is widely considered to shape all social relations in Iranian society and, while Iranian society is indeed Islamic, this term’s multiple meanings in everyday life and practices go far beyond the naïve and monolithic idea we are used to. The Thousand and One Borders of Iran analyses travel as a social practice, exploring how diasporas, margins and so-called peripheries are central in the construction of a national identity and thus revealing the complexities of Iranian history and society. Written by a leading anthropologist, it draws upon fieldwork carried out in Iran and Iranian migrant communities across Dubai, Tokyo and Los Angeles from 1998 to 2015. While casting new perspectives on the place of transnational relations in an increasingly globalized world, this work also sheds new light on the evolution of Iranian society, countering the explanation furnished by nationalist ideology that has been reproduced by the Islamic Republic itself. Its unique approach to the analysis of Iranian society through the theme of travel and borders considers the links and even the quarrels between the centre of Iranian society and the periphery, and the foreign elements that have contributed to society’s development. Travel is key to these interactions and, following the travels of merchants and workers, students or the faithful, elected officials and experts, or exiles and refugees, this book offers an anthropological study of travel that re-thinks Iranian history and national identity. This book would be of interest to students and scholars of Iranian Studies, Middle Eastern Studies and Anthropology.