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Surviving Energy Prices

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Energy prices have been at the center of the news in this new millenium. Swift fluctuations in the energy markets often have a brutal effect on the company bottom line. In his concise and comprehensive book, hedging Peter C. Beutel gives readers the tools they need to play the energy price volatility game and win. Using a nontechnical style for quick reading, Beutel distills a lifetime of trading into simple concepts that can be used to get companies off the baseline and into the game – which they are now playing and sometimes losing.rnSurviving energy price will benefit professionals in any industry who are suddenly faced with understanding the energy business – airlines and railroads to aluminum and steel smelters; reporters and brokers to manufacturers and heating oil distributors; entry-level energy employees to legislators and municipal energy buyers; fleet operators, utility traders, landlords – the list goes on.rnThe change in market pressures came rather suddenly, Shortly before the civil war, whale became scarce, because they had been unwittingly hunted to the brink of extinction. Whalers first thought that they were just having a bad year, but as one bad year followed another, it became apparent that whales were not the renewable resource that people had once thought. As whale oil became increasingly scarce, prices increased dramatically. When prices reached a level high enough to make petroleum economically viable, people became willing to replace whale oil. This launched a new industry and created a new class of entrepreneurs.rnThis book is designed to teach the basics of hedging crude oil, natural gas, and refined petroleum products. It specifically addresses the new realities of protecting against adverse price moves in crude oil, heating oil, diesel, gasoline, and natural gas, and their effects upon the business using them. It discusses futures, options, wet barrel programs, and touches on swaps, and it will discuss the methods that buyers and sellers are using to stay profitable. It demystifies margin calls, technical analysis of commodity price patterns, and the unique set of fundamentals factors that can affect price movements. It discusses ways to use storage to lower costs, and it talks about fixed price and capped price programs, which can be offered to customers to keep them from moving to competitor. It also warns about the problems of basis risk between various locations.rnThe world keeps changing, and there is nothing new in that. This book was written in hopes that will help readers to keep up with the changes that have occurred in the busines of buying and selling energy. The seasonable tables can give readers a leg up in terms of planning a yearly strategy or trading and hedging campaign. The explanation have been kept simple for those just starting to familiarize themeselves with these issues. Even so, the seasoned trader will find a few golden nuggets of information that will prove useful. This book includes all of the important facets of trading and hedging, with hopes that it clarifies what is really going on in this business today. So it is time to get down to brass tacks, or more appropriately, cash racks.rn

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Ketersediaan

090100795

Tersedia

Informasi Detil

Judul Seri

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No. Panggil

665.6:338.5 BEU s

Penerbit

PennWell Corp. : Oklahoma., 2005

Deskripsi Fisik

xvi, 197 p.

Bahasa

Indonesia

ISBN/ISSN

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Klasifikasi

665.6:338.5 BEU s

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subyek

Petroleum Products - Prices; Hedging (Finance)

Info Detil Spesifik

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Pernyataan Tanggungjawab

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Versi lain/terkait

Lampiran Berkas

Komentar

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