Updating the Estimation of the Supply of Storage Model

An updated supply of storage equation is estimated to reflect recent developments in the theoretical and empirical literature. Among the findings is an inverse relationship between storage cost adjusted price spread and a proxy measure of convenience yield, and a curvilinear relationship between stocks-to-use ratio and implied volatility.supply of storage, implied volatility, convenience yield, Research Methods/ Statistical Methods, Q11, Q14, G10,

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Paleotethys was a highly mobile oceanic realm pinching into the supercontinent Pangea between Gondwana and Eurasia in the late Paleozoic/early Mesozoic. Published Paleotethyan reconstructions reveal that the time of Paleotethys closure and the position of its suture are highly debated. We present new magmatic and detrital zircon ages, separated from pre-Alpine basement and Permian to Triassic cover rocks exposed in the External Hellenides of Crete. These age data reveal Variscan and Cimmerian docking of microplates along the southern margin of Laurasia and help to constrain the time of Paleotethys closure.46% of detrital zircons from quartzite in the Variscan basement, are Pennsylvanian with concordant ages at 321. ±. 2. Ma, 310. ±. 3. Ma, and 300. ±. 3. Ma. The basement is unconformably overlain by arc-related volcanics of the Tyros Unit, magmatic zircons of which yielded a concordant U-Pb zircon age at 285. ±. 2. Ma. Thus, the metasediments of the basement, interpreted as former trench sediments, were deposited, metamorphosed and exhumed in latest Carboniferous to early Permian times (302-283. Ma). Magmatic activity during this late Variscan phase is also indicated by igneous boulders within Olenekian (meta)conglomerates of the Tyros Unit, which yielded concordant U-Pb zircon ages at 291. ±. 2 and 310. ±. 2. Ma. The late Variscan orogenic phase is attributed to the collision of the Gondwana-derived southern Minoan terrane (SMT) with Laurasia subsequent to northward subduction of Paleotethys lithosphere and Viséan collision of the northern Minoan terrane (NMT).Magmatic activity ceased during the late Permian, but revived in the Lower Triassic as is indicated by felsic volcanics (249. ±. 2. Ma, concordant U-Pb zircon) and by detrital zircons (242. ±. 3, 240. ±. 5. Ma, 237. ±. 3. Ma concordant U-Pb zircon) of the Tyros Unit. At the same time the Variscan chain was exhumed and removed as is shown by the detritus in the Lower to Middle Triassic Tyros sediments, which includes high-grade metamorphic rocks and detrital zircons with U-Pb ages ranging from 280 to 335. Ma.A significant change in the detrital components occurred in the Ladinian when the Variscan basement with its Permo-Triassic cover was thrust on top of clastic sediments, today represented by the Phyllite-Quartzite Unit s.str. The Phyllite-Quartzite Unit s.str. shows Cadomian and older - but no Variscan - detritus because of its position along the northern margin of the Cimmerian ribbon continent. Thus, in the eastern Mediterranean, Paleotethys was closed during the Ladinian and the related suture in the External Hellenides is situated between the Variscan basement (active margin in the north) and the Phyllite-Quartzite Unit s.str (passive margin in the south). Carnian crustal extension led to subsidence of the Variscan/Cimmerian chain, most parts of which merged below sea level. This is the reason why 90% of the detritus of the Carnian Tyros Beds are not related to the Variscan, but to the Cadomian and Grenvillian basement of the E-Gondwana derived Cimmerian ribbon continent

The EXIT Strategy: an Approach for Identifying Bacterial Proteins Exported during Host Infection

Exported proteins of bacterial pathogens function both in essential physiological processes and in virulence. Past efforts to identify exported proteins were limited by the use of bacteria growing under laboratory (in vitro) conditions. Thus, exported proteins that are exported only or preferentially in the context of infection may be overlooked. To solve this problem, we developed a genome-wide method, named EXIT (exported in vivotechnology), to identify proteins that are exported by bacteria during infection and applied it to Mycobacterium tuberculosis during murine infection. Our studies validate the power of EXIT to identify proteins exported during infection on an unprecedented scale (593 proteins) and to reveal in vivo induced exported proteins (i.e., proteins exported significantly more during in vivo infection than in vitro). Our EXIT data also provide an unmatched resource for mapping the topology of M. tuberculosis membrane proteins. As a new approach for identifying exported proteins, EXIT has potential applicability to other pathogens and experimental conditions