Hedging Alberta Government's Oil and Gas Revenue: Is Acting Like a Farmer a Viable Strategy?

The provincial government of Alberta in Canada experiences significant annual revenue variability arising from changes in crude oil and natural gas prices. This research evaluated whether Alberta’s non-renewable revenue risk could be managed using a derivatives hedging program. Results from a historical hedging simulation approach suggested that such a program would not have been the most effective method of managing revenue risk over the period of 1995-96 to 2003-04. Total impacts of hedging would have varied from Can-$8 Billion to Can$6 Billion over this time period. These results suggest the Alberta government explore alternative methods to manage non-renewable resource revenue risk.Government Hedging, Risk Hedging, Public Economics, Resource /Energy Economics and Policy, Risk and Uncertainty, Q480, G11,

HAL/S programmer's guide

HAL/S is a programming language developed to satisfy the flight software requirements for the space shuttle program. The user's guide explains pertinent language operating procedures and described the various HAL/S facilities for manipulating integer, scalar, vector, and matrix data types

HAL/S programmer's guide

This programming language was developed for the flight software of the NASA space shuttle program. HAL/S is intended to satisfy virtually all of the flight software requirements of the space shuttle. To achieve this, HAL/s incorporates a wide range of features, including applications-oriented data types and organizations, real time control mechanisms, and constructs for systems programming tasks. As the name indicates, HAL/S is a dialect of the original HAL language previously developed. Changes have been incorporated to simplify syntax, curb excessive generality, or facilitate flight code emission

Burrowing apparatus

A soil burrowing mole is described in which a housing has an auger blade wound around a front portion. This portion is rotatable about a housing longitudinal axis relative to an externally finned housing rear portion upon operation of driving means to cause an advance through soil and the like. The housing carries a sensor sensitive to deviation from a predetermined path and to which is coupled means for steering the housing to maintain the path

Soil penetrometer

An auger-type soil penetrometer for burrowing into soil formations is described. The auger, while initially moving along a predetermined path, may deviate from the path when encountering an obstruction in the soil. Alterations and modifications may be made in the structure so that it may be used for other purposes

Linearized dynamical model for the NASA/IEEE SCOLE configuration

The linearized equation of motion for the NASA/IEEE SCOLE configuration are developed. The derivation is based on the method of Lagrange and the equations are assembled into matrix second order form