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Craig Pirrong

Affiliation: University of Houston

Dr Pirrong is Professor of Finance, and Energy Markets Director for the Global Energy Management Institute at the Bauer College of Business of the University of Houston. He was previously Watson Family Professor of Commodity and Financial Risk Management at Oklahoma State University, and a faculty member at the University of Michigan, the University of Chicago, and Washington University.

Professor Pirrong's research focuses on the organization of financial exchanges, derivatives clearing, competition between exchanges, commodity markets, derivatives market manipulation, the relation between market fundamentals and commodity price dynamics, and the implications of this relation for the pricing of commodity derivatives. He has published 30 articles in professional publications, is the author of three books, and has consulted widely, primarily on commodity and market manipulation-related issues.

He holds a Ph.D. in business economics from the University of Chicago.

Visit: Streetwise Professor




Craig Pirrong's Latest Articles | 153

Tesla Motors (TSLA): Shorts Have Been Bloodied, But They’ll Be Back

May 12, 2013| 6

Electric vehicle manufacturer Tesla’s (TSLA) stock rocketed up last week after the company reported positive earnings and operating cash flow for the first quarter.... Read »

We’re from the Government and Here to Help You – Translation: RUN!

May 10, 2013| 

The Obama administration is planning on easing repayment terms for student loans: The White House proposes that the government forgive billions of dollars in student... Read »

Time and Space Advantages in Trading: Meat vs. Machines

May 2, 2013| 

The most recent controversy over HFT stems from this WSJ story about the CME. In a nutshell, computerized traders receive confirmations of their trades before information... Read »

Reinhart and Rogoff’s 90 Percent Fiscal Cliff: It’s Academic When You Count All the Liabilities

May 1, 2013| 

Krugman and others have been doing a victory dance, claiming that the Reinhart-Rogoff work on the relationship between debt and growth has been repudiated.  Hardly.... Read »

The Euros Wanted to Make A CO2 Market in the Worst Way, and They Succeeded!

Apr 25, 2013| 

There’s lots of angst in Euroland over the plunging price of European Union CO2 Allowances.  Trading activity has crashed along with prices. And the Eurocrats... Read »

Was the Bitcoin Flock Just Sheared?

Apr 14, 2013| 

The virtual “currency” Bitcoin has been much in the news lately, due to its meteoric rise in price, and even more precipitous drop.  The price rose from approximately... Read »

The Boris Badinov Bank

Mar 25, 2013| 

The contours of the latest deal between the EU and Cyprus are becoming clear.  No “levy” on deposits.  Deposits under 100ks will not be touched. In place of... Read »

Did Carl ‘Ahab’ Levin Harpoon a Whale, or a Minnow?

Mar 24, 2013| 

I’ve been asked for my take on the Senate report/hearings on the London Whale.  I’m responding more out of a sense of duty, rather than any actual enthusiasm... Read »

Cyprus: The Essence of FUBAR

Mar 19, 2013| 

If you’ve been waiting your entire life to witness the pure, un-adulturated, distilled essence of FUBAR, your dreams have been answered: for behold Cyprus! For... Read »

Playing the Sequester Game

Feb 26, 2013| 

Obama is playing the sequester game for all it is worth, by regaling the country with horror stories of what will happen if the sequester goes into effect. All he... Read »

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