03/02183 Method for mixing powders to manufacture slurry and method for dewatering of manufactured slurry: Ibaraki, T. et al. Jpn. Kokai Tokkyo Koho JP 2003 88,741 (Cl. B01 F3/18), 25 Mar 2003, Appl. 2001/286,257. (In Japanese)
- Publisher
- Elsevier Science
- Year
- 2003
- Weight
- 193 KB
- Volume
- 44
- Category
- Article
- ISSN
- 0140-6701
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✦ Synopsis
02 Liquid fuels (derived liquid fuels) determining wholesale prices. These results suggest that movements in gasoline prices are largely the result of input price fluctuations rather than local market structure.
03/02177 Implementing a stochastic model for oil futures prices Cortazar, G. and Schwartz, E. S. Energy Economics, 2003, 25, (3), 2 15-238. This paper develops a parsimonious three-factor model of the term structure of oil futures prices that can be easily estimated from available futures price data. In addition, it proposes a new simple spreadsheet implementation procedure. The procedure is flexible, may be used with market prices of any oil contingent claim with closed form pricing solution, and easily deals with missing data problems. The approach is implemented using daily prices of all futures contracts traded at the New York Mercantile Exchange between 1991 and 2001. In-sample and out-of-sample tests indicate that the model fits the data extremely well. Though the paper concentrates on oil, the approach can be used for any other commodity with well-developed futures markets.