Professor, Independent Oil & Energy Professional

Professor Ferdinand E. Banks (Uppsala University, Sweden), performed his undergraduate studies at Illinois Institute of Technology (electrical engineering) and Roosevelt University (Chicago), graduating with honors in economics. He also attended the University of Maryland and UCLA.  He has ... more

ALL CONTRIBUTIONS

The Riches Of This Land
We are joined by Jim Tankersley of the New York Times to discuss his book The Riches of This Land: The Untold, True Story of America’s Middle Class. We also discuss TikTok, and the digital future of media.
Listen
More On Germany And Nuclear
The dilemma where I am concerned has to do with the preposterous notion that wind and solar based energy can completely replace nuclear, where by “replace” I mean supply the electricity necessary to maintain the present or an improved standard of living.
Read
Helpful Thoughts About Coal
A former Swedish prime minister called nuclear energy “obsolete”, and the present U.S. president apparently has similar thoughts about coal.
Read
E Oil And Me
Oil prices are at a four-year low of $85 per barrel, when they were more than $110/b in the middle of this summer.
Read
Economics Of Nuclear Energy
Nuclear intensity in Germany and Japan could be the highest in the world at mid-century.
Read
E Are You Afraid Of A Big Bad Oil Shock?
Where energy matters are concerned, rationality has a way of being in short supply.
Read

Comments

Latest Comments
Best Public High Schools In The U.S.
6 years ago

I'm not at all certain as to whether I should agree with this ranking of US universities. No, I'm not certain at all, because where my 'speciality' (energy economics) is concerned, just about all of those institutions mentioned are ____ poor.

Of course, considering that a recent US president and graduate of an elite university started a war on the basis of a lie, and the present Commander-in-Chief belongs in show business instead of the White House, perhaps education is not as important as commonly believed. Energy too, because if the 2.5 trillion squandered on stupid wars had gone to providing or preparing to provide the energy (and the education) that Amercans are going to need, people like me could forget about teaching or claiming to teach energy economics, and devote my time to something that the 'market' considers constructive..

Russia Nears Completion Of Second 'Holy Grail' Gas Deal With China
6 years ago
Excellent article. Deserves the widest possible distribution because somebodies needs to find out what it means to pretend that Russian energy Resources are not valuable.
In this article: RNFTF
Riksbank And Abba
6 years ago

I like your enthusiasm where Sweden is concerned. I got my economics education on Odengatan in Stockholm, and my international finance students at Uppsala University were the best I ever taught. But that was long ago, and the universities are filled with economics professors now who are completely hopeless. That tells me that there is a finite probability that the folks in the Riksbank - who were trained in Swedish universities - don't know what they are doing. Don't have the slightest idea in fact. We'll just have to see, won't we?

In this article: CZZ, NVS, PT, SLB, ATONY, DNACF, GBTZF, GTOMY, ABGB
Soros Signals Argentina’s Shale Is Biggest Place To Be
6 years ago

I Think that I will keep my Money under my bed rather than follow the advice of Mr Soros where energy commodities are concerned.

Besides, if you want to know about shale resources in Argentina, or for that matter Monoco, just check what is happening on the shale front outside the U.S. Answer: nothing is happening, despite the help that various countries are receiving from American firms in full command of the relevant technology.

Incidentally, in the elementary energy economics book I have just completed, I provide a clue to the kind of math needed to approach the shale riddle. The key factor is the accelerated depreciation of shale deposits, and once you go into this matter you see why the superbly educated advisers to executives of French firms tell those executives to play it cool where shale is concerned.

Fred Banks

In this article: YPF
Sudetenland Revisited
6 years ago

Putin has no problem with natural gas. He can sell all he wants to China and Japan, although perhaps later than sooner. What is/was the Point anyway of pretending that Russia could be punished by depriving western Europé of a valuable energy source?

- Fred Banks

In this article: GSH, SQM, BDRAF, DGRLY, GTOMY, OGFGF, ALKS, RYAAY, TEVA, YNDX, RBGLY, RUS
Russia Discovers Massive Arctic Oil Field Which May Be Larger Than Gulf Of Mexico
6 years ago

Well, those accursed Russians have done it again.

Just when the parasites and charlatans came the conclusion that Russia was finished, they and Exxon Mobile find a huge oil field, and it is almost certain that they will find more oil above Russia's Northern border.

Although I couldn't understand what Mr Putin was/is trying to do in the vicinity of the Russian-Ukraine border, I say well done to Russia and Exxon-Mobile, even though the ignorant boss of Nato wants to waste more billions of dollars playing Cold War games. We need the oil in that and other fields if we are to have a painless transition to future energy Technologies.

In this article: XOM
1 to 6 of 6 comments

STOCKS I FOLLOW

FAN FirstTrust Global Wind Energy ETF
GAF SPDR S&P Emerging Middle East & Africa ETF
GAZ iPath Dow Jones-AIG Natural Gas Total Return Sub-IndexSM ETN
GEX Market Vectors Global Alternative Energy ETF Trust
OIL iPath S&P GSCI Crude Oil Total Return Index ETN
TOT TOTAL S.A.
USO United States Oil Fund, LP

TWEETS

PERSONAL BLOG

Latest Posts

Work Experience

Education

Publications

Energy Economics: A Modern Introduction
Ferdinand E. Banks
Springer
12/21/2012
A modern text and reference book on energy economics. It assumes as background only the microeconomic portion of the introductory or first course in economics, and the mathematical requirements can, for the most part, be met by secondary school algebra. The subjects taken up in some detail are: oil, gas, coal, electricity, and energy derivatives - i.e. futures, options, and swaps. The long chapter on derivatives is applicable to all commodities, and can serve as an easily read background to financial derivatives. Other topics that are treated include uranium and capital budgeting, and to a lesser extent real option theory and deregulation. There are many simple exercises that are intended to build confidence, and an extensive glossary that both students and energy professionals should find useful
The Political Economy of World Energy: An Introductory Textbook
Ferdinand E. Banks
World Scientific Publishing Company
06/15/2007
This easy-to-read book presents an elementary yet comprehensive introduction to modern energy economics. Mathematical content is kept to a minimum, and advanced numerical concepts are placed in appendices. The two survey chapters are suitable for readers with little or no formal training in economics. Differing greatly from other energy textbooks, the book aims to provide the reader with an informed advantage. Principally intended as a textbook for undergraduate economics students, it can also be used for self-study or as a reference material.
Global Finance and Financial Markets: A Modern Introduction
Ferdinand E. Banks
World Scientific Publishing Co.
02/19/2001
This is an elementary, up-to-date text and reference book in global finance. It has been especially designed for beginning students in economics and finance, and also for self-study by anyone with a knowledge of secondary school algebra and an interest in finance and financial markets. The subjects taken up in some detail are stocks (shares), bonds, interest rates and derivatives, particularly futures, options and swaps. There are also chapters on exchange rates and banking, and readers are provided with an elementary introduction to risk and uncertainty. The book is also an easily read supplement to more technical presentations, in that it introduces all categories of reader to real world financial markets.
Energy Economics: A Modern First Course
Ferdinand E. Banks

A modern text and reference book on energy economics. It assumes as background only the microeconomic portion of the introductory or first course in economics, and the mathematical requirements can, for the most part, be met by secondary school algebra. The subjects taken up in some detail are: oil, gas, coal, electricity, and energy derivatives - i.e. futures, options, and swaps.