National Capital Area Chapter of the U.S. Association for Energy Economics
|Friday Mar 21 2014 Lunch with Speaker|
|Topic:||Energy Futures Markets-Five Fallacies|
Futures contracts may be the simplest expression of a financial transaction. These simple contracts have profoundly affected the way in which petroleum is priced. Market driven price discovery and contract standardization are today’s accepted elements of energy pricing.
At its heart, a futures contract substitutes a financial transaction for one that is satisfied with a physical commodity. Futures markets have typically been treated as esoterica by much of the financial community despite the simplicity of futures contracts.
Misunderstanding the purpose and construction of futures contracts – and their related options – has created a mythology surrounding futures that has been mostly negative and derisive.
Alan H. Levine, CEO of the commodity brokerage Powerhouse, will examine several fallacies that just won’t go away. Some of them are:
Alan H. Levine, Chairman and CEO of Powerhouse, has expertise in petroleum and natural gas pricing, transportation and supply in world energy markets. Alan was part of the group that initiated the heating oil contract for NYMEX in 1977-1978.
Alan was an expert for the Government of Israel regarding the value of crude oil in the Sinai Desert. Mr. Levine has written extensively on petroleum matters. He holds a Master’s degree in Economics from Columbia University Graduate School of Business in New York City.
Alan was one of the founders of NCAC and its second president, serving as such for two years.
|Date:||Friday Mar 21 2014|
|Time:||12:30 PM until 2:00 PM|
|Location:||Carmine's Restaurant, 425 7th St NW|
|Tickets:||Click to Register / Purchase|
NCAC-USAEE Treasurer, Phillip Brown (202) 707-7386
Student Members $5.00
Student Non-Members $5.00
|Friday Mar 28 2014 Issue Seminar -- Natural Gas Market 101|
|Topic:||How the Natural Gas System Works in the U.S. and Canada|
As part of its mission to provide professional development opportunities, NCAC has created a program series to help members broaden their energy expertise.
Issue Seminars explain the fundamentals of energy markets in depth in a day long program taught by a leading expert in the field.
Issues to be covered:
The seminar is geared towards energy professionals that either may not deal directly with the natural gas market but would like to better understand it or those that deal with particular aspects of the natural gas industry and would like to broaden their understanding.
Capacity is limited to 25 people. Lunch will be provided.
The course will be taught by Dr. Ben Schlesinger. Ben is the founder and president of BSA, LLC, is one of North America's leading independent energy consultants, specializing in gas and electricity marketing, pricing, infrastructure, trading practices, strategic planning, and power plant development worldwide.
|Date:||Friday Mar 28 2014|
|Time:||9:00 AM until 4:00 PM|
|Location:||George Washington University-Foggy Bottom|
|Tickets:||Click to Register / Purchase Only 9 Places Open|
Mark Lively, MBLreNCAC@aol.com
Student Members $80.00
Student Non-Members $90.00
|Tuesday Apr 22 2014 Save the Date!|
|Topic:||Annual Energy Policy Conference in coordination with CSIS (Center for Strategic and International Studies)|