VOL. XXXVIII

NO. 45

7-AUGUST-1995

The Industry's Use Of Derivatives: Still Early Days

by Edward N. Krapels

Edward N. Krapels is a Director of ESAI. This essay is taken from aforthcoming study (prepared with Philip K. Verleger Jr. of Charles RiverAssociates), "Paper Oil: An Analysis of Alternative Strategies for UsingPaper Oil Markets."

Just how widespread is the use of derivatives in the oil industry? We couldanswer the question geographically it is most widespread in the United Statesand in some...