Consumer Hedge Tear Sheet

Bunkerworld April/May 2010 article by Chris Thorpe

Bunkerworld.com: Click here
Jonathan Kornafel's blog on Bunkerworld.com: Click here

Consumer Hedge Tear Sheet

CFTC Chairman Gary Gensler in the Wall Street Journal: Clearinghouses Are The Answer

Though Congress has taken great strides toward a comprehensive clearing requirement, various groups in the financial industry are appealing for one exemption after another. Firms that transact with derivatives dealers are concerned that clearing would raise their costs and are lobbying to be exempt from such a requirement. Additionally, as a result of the 2008 bailout, many believe that if their dealer fails the government will bail them out again, and thus there is no need to lower risk. The fundamental debate over exemptions boils down to deciding who should stand behind a derivative if one of the parties fails: a well-regulated clearinghouse or taxpayers.

Click here for WSJ link

Asia Hedging Strategies & Pricing

Consumer Hedge Tear Sheet

Asia Hedging Strategies & Pricing

Washington Post editorial: How to prevent America's next financial crisis

US Treasury Secretary Timothy Geithner wrote an editorial for today's Washington Post titled "How to prevent America's next financial crisis". The full text is available for free at the Post's website: Click here

Below is Secretary Geithner's opinion regarding exchange based trading vs. ISDA/OTC markets:

Transparency will lower costs for users of derivatives, such as industrial or agriculture companies, allowing them to more effectively manage their risk. It will enable regulators to more effectively monitor risks of all significant derivatives players and financial institutions, and prevent fraud, manipulation and abuse. And by bringing standardized derivatives into central clearing houses and trading facilities, the Senate bill would reduce the risk that the derivatives market will again threaten the entire financial system.

US Energy Information Agency: Weekly Total Gasoline Stocks

Gasoline stocks have consistently marched downward during the recent months, though a substantial glut in inventories remains when compared to prior years.

Figures for April 9th will be released this Wednesday at 10:30 AM EDT.

Source: US Energy Information Agency (http://tonto.eia.doe.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGTSTUS1&f=W)

Consumer Hedge Tear Sheet

Energy Market Indications & Implied Vols

Consumer Hedge Tear Sheet

Consumer Hedge Tear Sheet