Major: Economics, Business
I would like to explore the field of energy through the analysis of oil futures and the prospect of peak oil prices in the coming next few years. There is no business in the world that doesn’t run, directly or indirectly, on the foundation of the United State’s cheapest available liquid; Oil. This is an situation that means, when oil reserves deplete, that “peak oil” will be achieved, and the world will change drastically. Most experts agree that we are positioned to achieve this peak oil price within the next few years, and the only way to measure market speculation is through the concept of oil futures. With this grant I will evaluate oil futures in the current marketplace and attempt to assess what value they actually hold in predicting a peak oil price, and when it will occur.
Economics, Accounting, Marketing Communication.
If you are interested in contacting Vance, please email SURF@college.usc.edu