Of GAS & hot air.

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Traction lobby gaining natural gas in DC

Natural gas is produced in 32 states, employs nearly ?? 3m ?? people. Thus 32 governors, 64 senators and 324 members of Congress have interest in producing natural gas.

Natural gas 'could' be less expensive than coal with perhaps half the carbon emissions.

Kerry Boxer -
Nature has a beautiful balance. _______________________
Cut your own population size before she does it for you!
30% less people, use and produce 30% less.
That is 30% more (not less) to go round.
hero's best!
Quality over Quantity = FIREPOWER

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Markit CDS Pricing - available exclusively through Reuters. Rapid growth and ongoing volatility in the CDS market make benchmark content and analysis more valuable than ever. Reuters delivers comprehensive cross asset information arming credit professionals with a powerful workflow solution that includes real-time news, data and analytics for cash loans and bonds, credit default swaps, CDS indices and their constituents.

Now, through an exclusive partnership with Markit, Reuters is pleased to introduce Markit Intraday, the first dealersponsored price discovery tool, providing streaming, real time composite prices at the index level (Itraxx and CDX) based on observable quotes from CDS market makers.

Reuters clients can access Markit Intraday through Reuters 3000Xtra and Reuters Trader for North America. Markit Intraday allows credit investors, traders and portfolio managers to monitor the most active liquid credits in the marketplace.

Bloomberg Runs Bond Pricing on GPUs - Bloomberg has converted their bond pricing infrastructure and applications to utilize the power of GPUs. Every night, Bloomberg calculates 1.3 million hard-to-price asset-backed securities. These calculations, single-factor Stochastic models, were originally run on a Linux cluster. One of the core software architects suggested using GPUs to solve scalability issues. The core Stochastic models exhibited in their applications lend themselves well to parallel computing on GPUs. To compute everything within an eight-hour window, meant scaling 800 cores to 8,000 cores, about 1,000 servers. Rather than running on 1,000 traditional server nodes, a GPU cluster shrank to 48 server/gpu pairs achieving an 800% performance increase. What took sixteen hours is done in two. Power and cooling cost savings by migrating to a more consolidated architecture are considerable.

BING BONG. "Will Dr. Heize please go to reception.
Your girlfriend is waiting.."

Kaufman Praises SEC Proposed Ban On Flash Orders, But Seeks Broad Review
In a speech on the Senate floor, Sen. Ted Kaufman (D-DE) praised the SEC for its proposal to ban flash orders and for agreeing to undertake a broad review of high-tech trading practices. Kaufman is concerned that the SEC has approved a number of innovations such as dark pools, high frequency trading and collocation, in a piecemeal manner. Specifically, he cited the rise of high frequency trading — a phenomenon, which has been building for many years but allows buy and sell orders to trade in milliseconds. He also singled out the emergence of dark pools. Some trading firms' computer servers enjoy the advantage of onsite location at an exchange, a practice known as co-location." When exchanges began to allow traders to place their computers on-site for direct market access, the SEC did not require approval.

Economic theory, Hi-tech know how, experience, the reality perceptions and making honey with other peoples money. Modern trading theory, is practiced chaos, predatory and a load of cow's wallop. Nothing about it is orderly. Highly overpaid kids, playing in a very expensive schoolyard. If the stuff that goes on, happened anywhere else, face to face - dealer to customer, then the daily body count would solve world population problems.

A New Theory on Market Structure A very interesting web site - Wall St. Tech. CLICK - Given the colossal size and sweeping breadth of the stock, bond, options, futures and derivatives markets, has the Dow Jones Industrial Average — which was started in 1896, tracks 30 large company stocks and is used daily by most news outlets and investors as a market weather vane— become stale and irrelevant? - Wealth management.

"FAS 157 will prove an historic regulatory blunder."
Markets are rallying, the real economy shrinking. Liquidity is driving this market, and that is likely to continue with trillions on the sidelines. Liquidity driven markets usually dry up. Hopefully, credit expansion and GDP growth arrive to support the market in 2010.

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A new architecture, codenamed "Fermi," incorporates a number of new features aimed at technical computing, including support for Error Correcting Code (ECC) memory and greatly enhanced double precision (DP) floating point performance. Those additions remove the two major limitations of current GPU architectures for the high performance computing realm, and position the new GPU as a true general-purpose floating point accelerator. Sumit Gupta, senior product manager for NVIDIA's Tesla GPU Computing Group, characterized the new architecture as "a dramatic step function for GPU computing." According to him, Fermi will be the basis of all NVIDIA's GPU offerings (Tesla, GeForce, Quadro, etc.) going forward, although the first products will not hit the streets until sometime next year.

...BNP Paribas, a French banking firm, is using a Tesla S1070 to compute equity pricing on the derivatives the company tracks. According to Stéphane Tyc, head of the company's Corporate and Investment Banking Division in the GECD Quantitative Research group, they were able to achieve the same performance as 500 CPU cores with just half a Tesla board (two GPUs). Better yet, the platform delivered a 100-fold increase in computations per watt compared to a CPU-only system. "We were actually surprised to get numbers of that magnitude," said Tyc. As of March, BNP Paribas had not deployed the system for live trading, but there are already plans in place to port more software...

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GIVE US YOUR DATA!

A few people hold dreams, the rest secrets.

YOU MUST CLICK!

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NB 04-26-2008, 03:30 PM - The United States consumes about 25% of worldwide consumption of Natural Gas. The U.S. consumes all of the natural gas it produces and imports the remainder mostly from Canada. The largest producers are of natural gas in the United States are Texas, Federal offshore Gulf of Mexico, Oklahoma, New Mexico, Wyoming and Louisiana. Russia and the United States account for about 42 percent of the world production of natural gas. Russia produces about 22 trillion cubic feet(tcf) and the U.S. produces about 19 tcf.The heaviest demand for natural gas is during the winter months. Colder than normal winters can increase demand for natural gas. Summers are usually the lowest demand periods for natural gas. Extremely hot periods during the summer can spike demand for natural gas. About 25% of natural gas consumption goes to residences, 16% to commercial, 24% to commercial utility plants and 35% to industrial establishments. Natural gas produces almost a quarter of the United States energy consumption.

Futures contracts on the New York Mercantile Exchange consists of 10,000 million British thermal units (mmBtu). A Btu refers to the amount of natural gas required to heat one pound of water by one degree at normal pressure. There are about 1,027 Btu in one cubic foot of natural gas. Natural gas is one of the more volatile commodities markets. This is evident in the high volatility premiums that natural gas options have. Natural gas futures react quickly to any tropical storms that move into the Gulf of Mexico. Most of the natural gas operations are in and along the Gulf and they are suseptible to damage and production losses. Hurricane Katrina is a prime example where natural gas prices rose to all-time highs due to the destruction.

Price is based on delivery at the Henry Hub in Louisiana, the nexus of 16 intra- and interstate natural gas pipeline systems that draw supplies from the region's prolific gas deposits. The pipelines serve markets throughout the U.S. East Coast, the Gulf Coast, the Midwest, and up to the Canadian border. An options contract and calendar spread options contracts provide additional risk management opportunities. The spread between natural gas futures and electricity futures � the spark spread � can be used to manage price risk in the power markets. A vigorous basis market exists in pricing relationships between Henry Hub and market centers. Swap futures contracts that are quoted as price differentials between approximately 30 natural gas pricing points and Henry Hub. The basis contracts trade in units of 2,500 mmBtu on NYMEX ClearPort. Contracts can also be Off-Exchange transactions via NYMEX ClearPort as futures or swaps. This is a very expensive way of insuring a vital asset.
It is spread betting gone insane. Insurance sub-prime!

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Swedish Government Introduces "Stability Fee" banks and other credit institutions pay a fee to finance the stability fund that can be used in times of financial crises. "During the crisis substantial national resources were put at the disposal of the financial sector to safeguard financial stability. Through the stability fee banks will be paying in savings capital in advance to central government to be used for measures in financial crises. In that way we are ensuring that crisis measures affect taxpayers as little as possible and do not have an adverse effect on the core welfare system," says Minister for Local Government and Financial Markets Mats Odell.

A basically sound idea, that will achieve absolutely nothing. As with all Financial Regulation this is as timid as a door mouse having a poo. Utterly useless and the sort of thing an accountant will come up with. Well, no one really knows what to do about these strident self indulgent banking types and their bad days so......... lets start a fund, nothing that's going to cheese these bosses off or ruin their bonus's though and remember, it is always the customer who pays - both them and us. Yup, we regulate so they can self regulate - it's soooo cool!

This however, really is cool.
The best fighter jet in the world today.

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This made me laugh - Business guy about the recent years.
"If we had a crystal ball we might have done a little more of everything. And I would have shorted Lehman."

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Topic - Of GAS & hot air.

Please take note of the name change of ThinkTools™ Software into 'Parmenides Eidos Suite - Visual Reasoning and Knowledge Representation'.

Thinktools AG

The company ThinkTools AG was merged with a Swiss systems integrator redIT AG in 2004.
For further information please contact redIT AG

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‘GCC hydrocarbon projects worth $690b’ - MUSCAT — A full 30 per cent by value of hydrocarbon projects in the Arab Gulf countries have been put on hold or cancelled, according to a new report published by Dubai-based research house Proleads Global yesterday.

Traction lobby gaining natural gas in DC

Natural gas is produced in 32 states, employs nearly ?? 3m ?? people. Thus 32 governors, 64 senators and 324 members of Congress have interest in producing natural gas.

Natural gas 'could' be less expensive than coal with perhaps half the carbon emissions.

Kerry Boxer -
Nature has a beautiful balance. _______________________
Cut your own population size before she does it for you!
30% less people, use and produce 30% less.
That is 30% more (not less) to go round.
hero's best!
Quality over Quantity = FIREPOWER

[herosrest]

the U.S. today consumes about 63 billion cubic feet of natural gas per day - in energy BTU equivalency terms, that’s 10.5 million barrels of oil per day, or about half of the amount of oil that the U.S. consumes each day. Of that 63 bcf per day of natural gas consumption, we import about 1 bcf in the form of liquefied natural gas, or LNG, and we import about 8 bcf per day from Canada. This means that we are about 98.5% self-reliant on natural gas supply from North America and about 86% self-reliant on natural gas supply from the U.S. Contrast that with oil, where we are only about 41% North American self-reliant and only about 27% self-reliant from U.S. sources.