Quantifying Gas, Electricity, and Oil Markets Using Fundamental Microeconomics
September 28-29, 2004 - Hyatt Regency Houston - Houston, TX

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Fundamental microeconomic principles can accurately predict and understand energy market fundamentals (gas, electricity, oil/products, and coal) and put that understanding to work for your benefit.

Attend this course and learn to discriminate the profitable from the unprofitable activities, how to stay out of the "loser" assets and businesses, gravitate toward the "winners" and eliminate the paralyzing uncertainty that many feel today ... diversify all one's diversifiable risks so that all one bears is overall market risk.

Course Outline:
  • Warmup/Critical Questions
  • Substantive Introduction
  • What Is "Agent-Based Microeconomics?"
  • Case Study No. 1: How Fundamental Microeconomics Applies to Spatial Markets?
  • Case Study No. 2: The 2003 NPC Gas and Electricity Study
  • The Ultimate Objective-Quantifying Convergence/Consistency Among All the Various Energy Forms
  • Extension to Vertically and Horizontally Integrated Supply Chains
  • Other Models and Methodologies-A Comparative Analysis
  • Uncertainty-How to Incorporate Uncertainty Through the Use of Probability
  • Deterministic Sensitivity Analysis to Create a Construct Such as a Tornado Diagram
  • How to Represent Probability
  • How to Understand the Nonlinearities in Your Model
  • How to Use One of the Techniques for Representing Uncertainty
  • Operation of Microeconomic Modeling Software (MarketBuilder)
  • Detailed Didactic Tutorials
  • North American Regional Gas (NARG) Modeling
  • North American Regional Electric (NARE) Modeling
  • World Oil Modeling
  • World Gas Modeling
  • Conclusion and Wrap Up

Course Instructor

Dr. Dale M. Nesbitt - President

Founder of Altos Management Partners, Dr. Nesbitt is well known in the energy industry for his market analysis products including the North American Regional Gas (NARG) model, the World Gas Trade model, the World Oil Model, the Western European Gas Model, and the North American Regional Electricity Model. The fundamentally based market modeling methods developed by Dr. Nesbitt have been used for virtually all of the larger North American energy companies in the oil, gas, and electricity business as well as a number of the key world players in Europe, Asia, the Middle East, South America, Australia, and Canada.

Click Here To Download A Complete Conference Brochure
Click Here For A Complete Listing Of Upcoming Conferences