{"id":2361,"date":"2008-06-24T08:44:57","date_gmt":"2008-06-24T08:44:57","guid":{"rendered":"http:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/"},"modified":"2012-07-12T10:44:59","modified_gmt":"2012-07-12T10:44:59","slug":"le-nombre-des-c","status":"publish","type":"post","link":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/","title":{"rendered":"Le nombre des contrats \u00e9chang\u00e9s sur le NYMEX poursuit sa croissance \u00e9perdue"},"content":{"rendered":"<p>&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; <strong><span style=\"font-size: 1.4em\">L<\/span><\/strong>a financiarisation des &quot;futures&quot; et autres options sur les cours de l&rsquo;\u00e9nergie et autres &quot;commodities&quot; ne fait plus d\u00e9bat. Pour comprendre les m\u00e9canismes du ph\u00e9nom\u00e8ne on lira le t\u00e9moignage de Michael Masters devant la Commission S\u00e9natoriale am\u00e9ricaine, en charge de comprendre les ph\u00e9nom\u00e8nes d&rsquo;envol\u00e9e des cours du p\u00e9trole, du gaz et autres mati\u00e8res premi\u00e8res (<a href=\"http:\/\/hsgac.senate.gov\/public\/_files\/052008Masters.pdf\">LIRE<\/a>). Ce ph\u00e9nom\u00e8ne de formation de bulle financi\u00e8re repose sur une <u>croissance discontinue du nombre de contrats<\/u> qui sont report\u00e9s d&rsquo;une \u00e9ch\u00e9ance \u00e0 l&rsquo;autre, le ph\u00e9nom\u00e8ne \u00e9tant aliment\u00e9 par les liquidit\u00e9s des nouveaux venus qui, eux aussi, veulent participer \u00e0 la f\u00eate. Un indicateur simple pour quantifier ce ph\u00e9nom\u00e8ne est le nombre de contrats \u00e9chang\u00e9s sur le Nymex, bourse d&rsquo;\u00e9change ou sont cot\u00e9s le p\u00e9trole WTI, le gaz naturel et diverses mati\u00e8res premi\u00e8res. Au mois de Mai le nombre moyen de contrats quotidiens a d\u00e9pass\u00e9 les 1,9 millions, en croissance de <strong><span style=\"color: #3300cc\">38%<\/span><\/strong> par rapport au m\u00eame mois de 2007. En cumul\u00e9 depuis le d\u00e9but de l&rsquo;ann\u00e9e le nombre moyens de contrats quotidiens est de 1,75 millions dont les 2\/3 reposent sur l&rsquo;\u00e9nergie (FIG.).<\/p>\n<p>&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp; Si les choses se poursuivent ainsi, il va s&rsquo;\u00e9changer chaque jour sur le NYMEX plus de p\u00e9trole qu&rsquo;il en est produit dans le monde. Mais pour un financier moderne il n&rsquo;est pas \u00e9vident que cette remarque ait un sens.<a href=\"http:\/\/clabedan.typepad.com\/photos\/uncategorized\/2008\/06\/23\/nymexmai2008.jpg\"><img loading=\"lazy\" decoding=\"async\" height=\"426\" alt=\"Nymexmai2008\" src=\"http:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/nymexmai2008.jpg\" width=\"480\"  \/><\/a> <\/p>\n<p>Le 24 Juin 2008.<\/p>\n<p>&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; En r\u00e9ponse au commentaire de Monsieur Imago: les volumes sur le NYSE ont certes cr\u00fb de 2004 \u00e0 2008 mais pas dans le rapport des volumes du NYMEX qui ont tripl\u00e9 durant cette p\u00e9riode.&nbsp; On constate \u00e9galement une grande variabilit\u00e9 des volumes d&rsquo;un mois \u00e0 l&rsquo;autre, traduction des al\u00e9as bousiers depuis l&rsquo;\u00e9t\u00e9 2007. Je soup\u00e7onne certaines veuves californiennes d&rsquo;avoir quitt\u00e9 depuis, le NYSE dans ces p\u00e9riodes agit\u00e9es, pour aller placer leurs dollars d\u00e9valu\u00e9s sur de bons &quot;future&quot; en p\u00e9trole ou en gaz sur le NYMEX. C&rsquo;est du &quot;edging&quot; disent les financiers am\u00e9ricains<a href=\"http:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/nysevolumes1.jpg\"><img loading=\"lazy\" decoding=\"async\" height=\"338\" alt=\"Nysevolumes\" src=\"http:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/nysevolumes.jpg\" width=\"457\"  \/><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; La financiarisation des &quot;futures&quot; et autres options sur les cours de l&rsquo;\u00e9nergie et autres &quot;commodities&quot; ne fait plus d\u00e9bat. Pour comprendre les m\u00e9canismes du ph\u00e9nom\u00e8ne on lira le t\u00e9moignage de Michael Masters devant la Commission S\u00e9natoriale am\u00e9ricaine, en charge de comprendre les ph\u00e9nom\u00e8nes d&rsquo;envol\u00e9e des cours [&hellip;]<\/p>\n","protected":false},"author":341,"featured_media":9288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualites"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Le nombre des contrats \u00e9chang\u00e9s sur le NYMEX poursuit sa croissance \u00e9perdue - leblogenergie.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Le nombre des contrats \u00e9chang\u00e9s sur le NYMEX poursuit sa croissance \u00e9perdue - leblogenergie.com\" \/>\n<meta name=\"twitter:description\" content=\"&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; La financiarisation des &quot;futures&quot; et autres options sur les cours de l&rsquo;\u00e9nergie et autres &quot;commodities&quot; ne fait plus d\u00e9bat. Pour comprendre les m\u00e9canismes du ph\u00e9nom\u00e8ne on lira le t\u00e9moignage de Michael Masters devant la Commission S\u00e9natoriale am\u00e9ricaine, en charge de comprendre les ph\u00e9nom\u00e8nes d&rsquo;envol\u00e9e des cours [&hellip;]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/nymexmai2008.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Raymond Bonnaterre\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/\",\"url\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/\",\"name\":\"Le nombre des contrats \u00e9chang\u00e9s sur le NYMEX poursuit sa croissance \u00e9perdue - leblogenergie.com\",\"isPartOf\":{\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/nymexmai2008.jpg\",\"datePublished\":\"2008-06-24T08:44:57+00:00\",\"dateModified\":\"2012-07-12T10:44:59+00:00\",\"author\":{\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#\/schema\/person\/debca67b8b93370360bdbd19ceb00794\"},\"breadcrumb\":{\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/#primaryimage\",\"url\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/nymexmai2008.jpg\",\"contentUrl\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/files\/2012\/07\/nymexmai2008.jpg\",\"width\":\"480\",\"height\":\"426\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Le nombre des contrats \u00e9chang\u00e9s sur le NYMEX poursuit sa croissance \u00e9perdue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#website\",\"url\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/\",\"name\":\"leblogenergie\",\"description\":\"Just another The Social Media Group Network site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#\/schema\/person\/debca67b8b93370360bdbd19ceb00794\",\"name\":\"Raymond Bonnaterre\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4c04f9e9aab7489452c52f805e42fbd3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4c04f9e9aab7489452c52f805e42fbd3?s=96&d=mm&r=g\",\"caption\":\"Raymond Bonnaterre\"},\"url\":\"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/author\/raymond-bonnaterre\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Le nombre des contrats \u00e9chang\u00e9s sur le NYMEX poursuit sa croissance \u00e9perdue - leblogenergie.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.thesocialmedia.com\/leblogenergie\/2008\/06\/24\/le-nombre-des-c\/","twitter_card":"summary_large_image","twitter_title":"Le nombre des contrats \u00e9chang\u00e9s sur le NYMEX poursuit sa croissance \u00e9perdue - leblogenergie.com","twitter_description":"&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp; La financiarisation des &quot;futures&quot; et autres options sur les cours de l&rsquo;\u00e9nergie et autres &quot;commodities&quot; ne fait plus d\u00e9bat. 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