Energy Trading: A Source of Profit for Investment Banks and Hedge Funds, a Source of Challenging New Problems for Applied Mathematicians
نویسنده
چکیده
The increase in energy prices that followed Hurricane Katrina restored energy trading to front-page news. Ever since, oil and natural gas prices have repeatedly set all-time record highs. This spring, oil was again trading above US $70 a barrel, having fallen as low as US $30 as late as January 2004. Increases for natural gas have been even more spectacular, from US $3.10 per MMBtu (million British thermal units) in August 2002 to an all-time high of US $14.75 in October 2005.
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