Fundamental crude oil and natural gas market analysis from October 2016 with November 2016 outlook.

1. PennStateEMA@gmail.com | PSEMA.org 1
The Penn State
Energy Marketing
Association
A newly founded
student organization
The Mission of the Penn State
Energy Marketing Association is
to establish an intellectual forum
where like-minded individuals
shall discuss, share, engage in,
and debate content related to
energy marketing for the purpose
of acquiring industry fluidity and
augmenting personal
marketability.
Bridging the gap
Energy marketing is unique in
that it brings together
engineers and students of
business-minded
backgrounds for a common
purpose. The Penn State
Energy Marketing Association
embraces this notion and is
excited to establish an
academically diverse forum.
Skill development
The Penn State Energy
Marketing Association seeks
to acquire industry knowledge
and skills above and beyond
what is taught in a college
curriculum. PSEMA
accomplishes this by hosting
guest speakers, receiving
special presentations from its
corporate partners, and
mutually sharing information
in an academic forum setting.
This Issue
Weather P.2
Crude Oil P.4
Economy P.7
Natural Gas P.9
November 1st
2016
Forecast Period:
Nov 1st
– Nov 30st
Issue
06 Market Update
About
The Penn State Energy Marketing Association’s Market
Update is a monthly publication containing price forecasts
for crude oil and natural gas markets. The update also
includes analyses of weather patterns, as well as domestic
and world economies that can influence commodity prices. It
is co-authored by PSEMA members, and each segment is
overseen by its respective Commodity Director:
Director of Economy: Chris Konzel
Director of Weather Samuel Jackson
Director of Oil: Dan Maranhao
Director of Natural Gas: Mark Capo
President Danny Moore and Vice-President Michael Kaloz
serve as the Executive Editors. Adam Larson serves as the
Webmaster.
Contributors
The following PSEMA members contributed to this edition of
Market Update:
Economy: Compiled by Christopher Konzel; co-authored by
Nicholas Osmond, Ben Masters, Austin Pintar, Danny
Moore.
Weather: Compiled by Samuel Jackson, co-authored by
James Obermyer
Crude Oil: Compiled by Dan Maranhao; co-authored by,
Evan Callaghan, Vrajesh Patel, Michael Kaloz
Natural Gas: Compiled by Mark Capo; co-authored by
Weston Bushyeager, Eva Markosky, Timur Ceylan, Ailia
Hasyim, Michael Magyar
Recent PSEMA Events
September 13th
Natural gas trading simulation with BP. PSEMA
competed against other Penn State Students in a virtual
NYMEX trading simulation via BP’s unique training platform.
September 14th
Private info session and professional development
presentation with South Jersey Industries. PSEMA was
fortunate enough to host SJI Talent Acquisition Specialist,
Jen Geria, to share SJI’s opportunities with our members.
Jen also spoke on general keys to success in our
professional futures.
September 26th
Info session with IGS Energy. PSEMA alongside the
Weather Risk Management Club welcomed Austin Mitchell,
Quantitative Risk Analyst, Natalie Payne, Talent Acquisition
Partner, Tim Hamilton, Director of Power and Supply, and
Andy Dosch, Director of Finance from IGS Energy. They
spoke about their experiences at IGS and hosted a private
recruiting session with a select few members of each
organization.
Upcoming PSEMA Events
November 4th
.
Oil Trader Presentation PSEMA will host Sean Werber
from ATMI, an American subsidiary of the French Oil Super-
major Total. Sean will be in town to discuss his experiences
trading crude oil on the New York Mercantile Exchange.
November/December
Weather Presentation. Dr. George Young of the
meteorology department will give a talk covering statistical
weather prediction, and weather risk influencing commodity
markets.
December
Alumni Reunion. PSEMA is inviting its founding members
back to Penn State. Our former members are eager to
return to PSEMA with advice to facilitate future successes
with both PSEMA and our own personal career goals.
Spring 2017
Drake Well Tour with Society of Petroleum Engineers.
PSEMA will be visiting Pennsylvania’s oldest oil well and
birthplace of the modern oil and gas industry in a joint event
with Penn State SPE.
End-of-Year Awards Banquet. Our corporate donors and
partners will be recognized and awards will be given out to
top members.
Meeting Schedule
Thursday:11/10 270 Willard
Thursday:11/17 270 Willard

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