A good question, which has a good answer. And yes I did work for enron's trading desk, I'm a trader/financial engineer so dealing with how to make money ect off futures markets is what I do. There is a supply mechanism for the derivative, which is what you want. Because of the size of the positions one can take $100 there should be only a very very weak market mechanism to create the underlying behavior.
The best evidence that markets can predict outcomes comes from here.
www.biz.uiowa.edu/iem/
The Iowia Electronic markets and it's derivatives have been very succesfull in predicting the outcomes of political elections. The traditional futures markets are very adept at anticipating future events. When this idea was applied to the political area once again it proved true.
Go to their website and search about the program and you will see that derivatives marekets (if structured well which isn't hard unless yoru california) are BETTER tools than most other ones. Their not perfect, but their BETTER than other tools hence the value in creating the electronic market.
Like a futures market, the number of contracts can be increased, this would allow those who believe price have "gotten" away from reality to make a profit.
If it functions anything like the Iowa futures market (which I would sugest that you look up wwww.biz.uiowa.edu/iem/ ), you could buy a set of new contracts for $1 from the central issuing authority. This would be two contracts, one paying off a $1 if the event happens and one paying of $1 if it does not happen.
Those who believe a paticular contract is overpriced would buy a pair of contracts from the central authority and then SELL the "overpriced" contract into the market and retain the oposite contract. The selling in the market would move prices down, supply and demand always holds.
Say the terrorist strike on america contract reached $.95 cents, and I didn't think one would happen. I would buy contract sets for $1 a sell the overpriced half for $.95 and hold onto the underprice part. if it doesn't happen I would recieve an additional $1 and be $.95 richer or every dollar I put up.
I'm a financial engineer, and political futures marekts have been quite efficent. Read up on the Iowa political markets, they have been very good at predicting the future.
A friend of mine owns a smallish record label and we talk about his business quite a bit. He sold the international rights to parts of his companies collection to other companies, it happens all the time. Because of this APPLE HAS to have country level restrictions.
If a seperate entity owns the rights to distribute or publish some works in another country apple would be infringing upon those rights if they did sell the file INTO those countries. Instant lawsuit!
I'm sure the situation will be worked out, however... It's going to take some time.
Culture came to a halt durring the dark ages, technology actualy kept moving along. A book I read, "the medieval machine" went over all of this. Their were improvments in plows, agriculture, crafts ect. High culture is what stoped in the dark ages. The dark ages were a very practical time where people were doing geeky inventive things.
A much simplier way of doing things that is closer to what we do now is just to slightly tweak the voting system. Politicians arn't allowed to run under MULTIPLE parties. Resistance to this change would be far less in my opinion.
You still vote for a person, but if you believe very strongly on a paticular issue or system of belief you can express I believe in X and I voted for you.
If you could have voted for AL Gore as the green party choice, you could still expressed a practically meaningful vote while sending a message.
They arn't really "renting" the software. They are having someone install, configure, and support software and they pay a time based fee. Same deal diffrent words.
The distro might be free but if my ass comes to yo house and installin it and you expect me to answer questions then yo payin!
Plants produce CO2 when the consume the products of their photosynthesis, at night and some times of day they will be NET producers of CO2. That is one part of why you see CO2 produced everywhere.... to say nothing of insects, animals, bacteria ect.
Liquid natural gas is at a much colder tempature than hydrates. It also requires a LOT more oxygen to sustain a reaction.
To spark LNG into a flame it takes more energy, and the vaporixing LNG quickly smothers the fire. LNG is VERY safe. If your aware of a signifgant accident ever occuring with LNG please let me know.
GET the facts about LNG
www.energy.uh.edu
LNG tankers, with the exception of two in japan out of a global fleet if 130, are not
1. Presurized
or
2. refrigrated
www.energy.uh.edu has a paper on LNG that can explain that to you.
LNG, a good source of info
on
Gas Goes Solid
·
· Score: 1
www.energy.uh.edu has a good primer article on LNG written for the general public. Within a few months it will have a paper focusing on the safety of LNG. I'm working in part on these papers.
LNG is a pretty darn good technolgy. This is nifty, but is it a great improvement? LNG can be delivered at a profit of about $4 right now with the price going lower as we speak.
The big problem with LNG is that everyone assumes that it isn't very safe. The dangers of LNG have been greatly overstated. You can't build a recieving terminal, no one wants it in their backyard. I would be willing to bet pretty hard, that this technology will suffer the same problems. Great safe technology that no one will let you build.
Re:A little thin on the details
on
Gas Goes Solid
·
· Score: 1
The costs of LNG are about $4. www.energy.uh.edu has a good paper about LNG written for the general public that goes over that information.
LNG isn't normally transported as a presurised liquid. Checkout www.energy.uh.edu click on the LNG link there.
I work for them but there is a paper on LNG that will explain that for you. LNG is allowed to boil off and used as a fuel for tanker. You don't refrigrate it, you just insulate it!
Actualy, you don't have to conver cars to be able to use natural gas. Using the Fisher- Tropsch process you can convert natural gas into "crude oil" and then the resulting refined products you know. It is cheaper to produce clean gasoline out of synthetic crude oil than regular crude oil.
Another thing you might be intrested in is that you can convert COAL into natural gas, and of course then turn it into oil ect. If we are willing to spend the cash then we won't have a "oil shortage".
To convert the hydrate into a gas, all you need to do is raise the temp. Natural gas hydrates are very similar to dry ice, something you may be familiar with.
I work with LNG, and yes you could build a a fuel air bomb out of this. However, the tempature of the material makes this hard. Look at the pictures of burning hydrate being held by peoples hands, until it is a gas it isn't dangerous. LNG is very similar. The tempature of the liquid will snuff out most flames ect.
Issues within your purview of expertise, or that seriously affect your area are ones you should comment upon.
In any case, your response should be well thought out and reasoned.
I'm a business consultant myself. I sometimes feel and think things very strongly. However, I am always very careful to make sure everyone knows what my analytical conclusions are and what my feels are. Something close to the scientific method drives my engagement conclusions.
I would sugest that if your going to go outside what the client knows your good at, then what you tell them needs to be a data driven conclusion that others would be able to draw.
Further, attacking a idea is far harder to pull off than sugesting that there is a better solution out there.
Finally, if your a consultant then you should know it all depends. Without specific details and situational knowledge who knows what you should do. This is just some of my engement framework I've given.
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A good question, which has a good answer. And yes I did work for enron's trading desk, I'm a trader/financial engineer so dealing with how to make money ect off futures markets is what I do. There is a supply mechanism for the derivative, which is what you want. Because of the size of the positions one can take $100 there should be only a very very weak market mechanism to create the underlying behavior. The best evidence that markets can predict outcomes comes from here. www.biz.uiowa.edu/iem/ The Iowia Electronic markets and it's derivatives have been very succesfull in predicting the outcomes of political elections. The traditional futures markets are very adept at anticipating future events. When this idea was applied to the political area once again it proved true. Go to their website and search about the program and you will see that derivatives marekets (if structured well which isn't hard unless yoru california) are BETTER tools than most other ones. Their not perfect, but their BETTER than other tools hence the value in creating the electronic market.
Like a futures market, the number of contracts can be increased, this would allow those who believe price have "gotten" away from reality to make a profit. If it functions anything like the Iowa futures market (which I would sugest that you look up wwww.biz.uiowa.edu/iem/ ), you could buy a set of new contracts for $1 from the central issuing authority. This would be two contracts, one paying off a $1 if the event happens and one paying of $1 if it does not happen. Those who believe a paticular contract is overpriced would buy a pair of contracts from the central authority and then SELL the "overpriced" contract into the market and retain the oposite contract. The selling in the market would move prices down, supply and demand always holds. Say the terrorist strike on america contract reached $.95 cents, and I didn't think one would happen. I would buy contract sets for $1 a sell the overpriced half for $.95 and hold onto the underprice part. if it doesn't happen I would recieve an additional $1 and be $.95 richer or every dollar I put up. I'm a financial engineer, and political futures marekts have been quite efficent. Read up on the Iowa political markets, they have been very good at predicting the future.
A friend of mine owns a smallish record label and we talk about his business quite a bit. He sold the international rights to parts of his companies collection to other companies, it happens all the time. Because of this APPLE HAS to have country level restrictions. If a seperate entity owns the rights to distribute or publish some works in another country apple would be infringing upon those rights if they did sell the file INTO those countries. Instant lawsuit! I'm sure the situation will be worked out, however... It's going to take some time.
Culture came to a halt durring the dark ages, technology actualy kept moving along. A book I read, "the medieval machine" went over all of this. Their were improvments in plows, agriculture, crafts ect. High culture is what stoped in the dark ages. The dark ages were a very practical time where people were doing geeky inventive things.
A much simplier way of doing things that is closer to what we do now is just to slightly tweak the voting system. Politicians arn't allowed to run under MULTIPLE parties. Resistance to this change would be far less in my opinion. You still vote for a person, but if you believe very strongly on a paticular issue or system of belief you can express I believe in X and I voted for you. If you could have voted for AL Gore as the green party choice, you could still expressed a practically meaningful vote while sending a message.
They arn't really "renting" the software. They are having someone install, configure, and support software and they pay a time based fee. Same deal diffrent words. The distro might be free but if my ass comes to yo house and installin it and you expect me to answer questions then yo payin!
Plants produce CO2 when the consume the products of their photosynthesis, at night and some times of day they will be NET producers of CO2. That is one part of why you see CO2 produced everywhere.... to say nothing of insects, animals, bacteria ect.
Fosil fuels. They produce CO2 and are why the numbers don't "balance".
Liquid natural gas is at a much colder tempature than hydrates. It also requires a LOT more oxygen to sustain a reaction. To spark LNG into a flame it takes more energy, and the vaporixing LNG quickly smothers the fire. LNG is VERY safe. If your aware of a signifgant accident ever occuring with LNG please let me know. GET the facts about LNG www.energy.uh.edu
LNG tankers, with the exception of two in japan out of a global fleet if 130, are not 1. Presurized or 2. refrigrated www.energy.uh.edu has a paper on LNG that can explain that to you.
www.energy.uh.edu has a good primer article on LNG written for the general public. Within a few months it will have a paper focusing on the safety of LNG. I'm working in part on these papers. LNG is a pretty darn good technolgy. This is nifty, but is it a great improvement? LNG can be delivered at a profit of about $4 right now with the price going lower as we speak. The big problem with LNG is that everyone assumes that it isn't very safe. The dangers of LNG have been greatly overstated. You can't build a recieving terminal, no one wants it in their backyard. I would be willing to bet pretty hard, that this technology will suffer the same problems. Great safe technology that no one will let you build.
The costs of LNG are about $4. www.energy.uh.edu has a good paper about LNG written for the general public that goes over that information.
LNG isn't normally transported as a presurised liquid. Checkout www.energy.uh.edu click on the LNG link there. I work for them but there is a paper on LNG that will explain that for you. LNG is allowed to boil off and used as a fuel for tanker. You don't refrigrate it, you just insulate it!
Actualy, you don't have to conver cars to be able to use natural gas. Using the Fisher- Tropsch process you can convert natural gas into "crude oil" and then the resulting refined products you know. It is cheaper to produce clean gasoline out of synthetic crude oil than regular crude oil.
Another thing you might be intrested in is that you can convert COAL into natural gas, and of course then turn it into oil ect. If we are willing to spend the cash then we won't have a "oil shortage".
To convert the hydrate into a gas, all you need to do is raise the temp. Natural gas hydrates are very similar to dry ice, something you may be familiar with.
I work with LNG, and yes you could build a a fuel air bomb out of this. However, the tempature of the material makes this hard. Look at the pictures of burning hydrate being held by peoples hands, until it is a gas it isn't dangerous. LNG is very similar. The tempature of the liquid will snuff out most flames ect.
Issues within your purview of expertise, or that seriously affect your area are ones you should comment upon. In any case, your response should be well thought out and reasoned. I'm a business consultant myself. I sometimes feel and think things very strongly. However, I am always very careful to make sure everyone knows what my analytical conclusions are and what my feels are. Something close to the scientific method drives my engagement conclusions. I would sugest that if your going to go outside what the client knows your good at, then what you tell them needs to be a data driven conclusion that others would be able to draw. Further, attacking a idea is far harder to pull off than sugesting that there is a better solution out there. Finally, if your a consultant then you should know it all depends. Without specific details and situational knowledge who knows what you should do. This is just some of my engement framework I've given.