The Vega Factor Oil Volatility and the Next Global Crisis

Author: Kent Moors
Publisher: John Wiley & Sons
ISBN: 9780470602089
Published In: May 2011
Format: Hardback , 431 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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How oil volatility is affecting the global political scene, and where the oil market is heading

The world is rapidly moving towards an oil environment defined by volatility. The Vega Factor: Oil Volatility and the Next Global Crisis takes an in-depth look at the most important topics in the industry, including strategic risk, why traditional pricing mechanisms will no longer govern the market, and how the current government approaches have only worsened an already bad situation.

Details the industry's players, including companies, traders, and governments
Describes the priorities that will need to be revised, and the policies needed to achieve stability
Explains how today's oil market is fundamentally different from the pre-crisis market

Oil prices affect everyone. The Vega Factor explains the new international oil environment of increasing consolidation and decreasing competition, and reveals how consumers and investors can navigate price volatility and new government policies.

Preface.

Chapter 1 The Meaning of Oil Vega.

Chapter 2 How Oil Volatility Relates to Strategic Risk.

Chapter 3 Determining Oil Prices.

Chapter 4 Dollars, Credit, Financial Crises,. . . and the Oil Connection.

Chapter 5 Oil Companies and the Upstream/Downstream Tradeoff.

Chapter 6 How Government Action Increases Volatility.

Chapter 7 Is There a Response?

Appendix A: World Proved Oil Reserves (Billion Barrels).

Appendix B: Exxon CARM per Gallon (January 3, 2000-December 31, 2007).

Appendix C: Exxon ARM per Gallon (January 3, 2000-December 31, 2007).

Appendix D: Shell CARM per Gallon (January 3, 2000-December 31, 2007).

Appendix E: Shell ARM per Gallon (January 3, 2000-December 31, 2007).

Appendix F: BP CARM per Gallon (January 3, 2000-December 31, 2007).

Appendix G: BP ARM per Gallon (January 3, 2000-December 31, 2007).

Notes.

About the Author.

Index.

Kent Moors is Professor in the Department of Political Science and the Graduate Center for Social and Public Policy at Duquesne University, where he also directs the Energy Policy Research Group. An internationally recognized expert in oil and gas policy/finance and risk assessment, Kent is also President of the oil and gas consulting firm ASIDA, Inc., advising companies, financial institutions, law firms, and governments worldwide. He authors the Oil and Energy Investor, a twice-weekly advisory, the monthly Energy Advantage, and the investment alert service The Energy Inner Circle, and is a frequent contributor to Money Morning and contributing editor to the two leading post-Soviet oil and gas publications—Russian Petroleum Investor and Caspian Investor. Through an agreement with DeMatteo Monness, he provides specialized advisories to a broad range of Wall Street analysts, as well as investment, hedge fund, and capital and asset managers.