Foreword
As the wheelnuts continue to loosen on our global economic juggernaut, we continue to ask the questions that help us try to the solve the investment puzzle going forward.
By Guy Isherwood, Editor.

Introduction
IEA Offers a Bleak Picture For the Energy Outlook: "The next 10 years are critical," say the IEA as the World Energy Outlook, 2007 makes the case for stepping up cooperation with China and India to address global energy challenges.
International Energy Agency.

Embracing Risk & Empowering Risk Management
Energy firms and financial institutions continue to face important challenges in their attempt to control risk in extreme market conditions. Our work confirms that superior risk management can make its most critical contribution to the performance of a firm in extreme markets.
By Carlos Blanco & Robert Mark.

Energy Business Awards Asia 2007
The inaugural Energy Business Awards, Asia (EBAAs) were announced on the evening of September 11th 2007, at the Opening Ceremony of the 23rd Asia-Pacific Petroleum Conference (APPEC) in Singapore.
The Awards were presented on the EBAA’s behalf by Mr S. Iswaran, Minister of State, Ministry of Trade and Industry, Singapore, and Guest-Of-Honour for the evening.

Mind The Gap: Building Ties Between Participants & Provider
David Newton, CEO of TradeCapture, discusses his perspective on a topic 'close to his heart' - the relationship between traders and their energy trading and risk management (ETRM) software providers in today's rapidly changing liquid hydrocarbon market.
By David Newton.

The LME: The Bigger Question
Both the Category 1 and 2 LME members trade and execute on LME Select and a considerable number of their clients also have access. It is unsurprising then to find by examining the data available through Reuters that LME Select executes more contract volume than the LME floor, the tipping point having been reached in June 2007.
An exploration of the current workings and future changes of the LME.
By John Browning.

Record-Setting Exploration Continues in 2007
Metals Economics Group's preliminary analysis of 2007 exploration budgets from the latest edition of Corporate Exploration Strategies shows a climb to a new all-time peak of US$ 9.99 bn.
By Guy Isherwood.

Oil: A Question of Fundamentals
Market sentiment remains overwhelmingly bullish in the crude oil arena. Yet, despite the continued escalation in oil prices and tight excess capacity among oil producers, Natixis Bleichroeder believes a correction in crude oil prices is on the cards.
By Roger Read.

Energy Business Awards Winnners 2007
Celebrating their 6th anniversary, the Energy Business Awards 2007 were announced on the evening of November 21st at EMART Energy 2007 in Amsterdam, the annual European platform for energy trading. Energy Business rewards excellence in a number of key energy business disciplines; to those companies who are making a significant impact on the way energy business is conducted, trading risks mitigated, precious energy resources utilised, energy systems developed, environmental degradation curtailed, energy technology advanced, and energy production and consumption distributed more efficiently and ethically.
By Guy Isherwood.

CTRM – Grid Computing Applications
The CTRM industry is in need of more computing power to carry out complex calculations. Grid computing is a promising technology which allows the sharing of resources providing more computing power out of the existing resources. In this paper we will briefly talk about the use of Grid computing for CTRM applications.
By Anirban Chakrabarti & Raghu Anantharam.