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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Thursday, July 10, 2008
Paul Doucette Joins Battelle's Office of External Relations
Comtex
WASHINGTON, July 10, 2008 /PRNewswire-USNewswire via COMTEX/ ----Battelle announced today that it has hired Paul Doucette as Director of Congressional Affairs for Science and Technology Programs.
Doucette, 33, most recently worked as a senior advisor and legislative director in the office of U.S. Rep. Judy Biggert (R-IL), who is a senior member of the House Science and Technology Committee and co-chairs the House Research and Development Caucus. During his nine years with Congresswoman Biggert, Doucette served as the primary point person on science and technology issues. He holds a bachelor's degree in public administration from Drake University in Des Moines, Iowa.
At Battelle, Doucette's activities will include covering the U.S. Department of Energy's Office of Science and the National Nuclear Security Administration (NNSA) programs.
"We're pleased to have Paul join our office," said Jack Bagley, Battelle's VP for External Relations. "His extensive knowledge and experience on science and technology issues and programs will be a valuable asset to Battelle's Laboratory Management Global Business as well as other initiatives."
Battelle is the world's largest non-profit independent research and development organization, providing innovative solutions to the world's most pressing needs through its four global businesses: Laboratory Management, National Security, Energy Technology, and Health and Life Sciences. It advances scientific discovery and application by conducting $4 billion in global R&D annually through contract research, laboratory management and technology commercialization. Headquartered in Columbus, Ohio, Battelle oversees 20,400 employees in more than 120 locations worldwide, including seven national laboratories which Battelle manages or co-manages for the U.S. Department of Energy and the U.S. Department of Homeland Security.
Battelle also is one of the nation's leading charitable trusts focusing on societal and economic impact and actively supporting and promoting science and math education.
For more information, visit www.battelle.org or contact Public Relations Manager Katy Delaney at (410) 306-8638 or at delaneyk@battelle.org.
SOURCE Battelle
http://www.battelle.org
Copyright (C) 2008 PR Newswire. All rights reserved
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