The most coveted and controversial of commodities are those that provide the world with energy. As the life force of commerce and industry, energy powers our transportation, heats our homes, refrigerates our food and helps us communicate.
Of course, commodities so scarce and vital are volatile. Wars are waged over foreign oil and gasoline. Congressional hearings center on alternative fuel sources. The environmental impact of human energy use foretells coming decades of change. But volatility and change also present great opportunity. CME Group’s acquisition of the New York Mercantile Exchange (NYMEX) adds energy and metals contracts that further diversify the company’s product suite. As political and environmental landscapes change, products such as crude oil, natural gas and ethanol have a stable and highly active venue for price discovery and transparency on the electronic price boards and computer screens of CME Group.