Storage and the Hotelling Valuation Principle: Understanding the Dynamics of the Oil Industry [ 2007 - 2009 ]

Research Grant

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Researchers Prof RA Heaney; Prof BD Grundy

Brief description Understanding the economics of the oil market is important for understanding the shift toward smaller, more fuel-efficient motor vehicles and less fuel-intensive farming techniques. A better understanding of fundamental oil price processes will lead to more accurate oil price forecasting and hence more accurate pricing of oil derivatives (options, futures and swaps) and improved risk management (e.g. airlines hedging the cost of their jet fuel needs).

Funding Amount $345,000

Funding Scheme Discovery Projects

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