Managing your risk

Features

Series to focus on the fundamentals of
energy risk management

By James M. Burr

This is the first in a series of articles on energy risk management. These articles will cover the fundamentals of futures, options, swaps, basis and spreads. Each of these tools will be analyzed as to how they can be used to protect various areas of risk. We will focus on gasoline and diesel fuel/heating oil and approach this process from three perspectives:

1. Retailers