Correlation: the horror!

Rankings 2005

Joseph Conrad’s 1902 classic Heart of Darkness takes the reader on a river journey into the Belgian Congo and explores the darkest reaches of the human soul. While today’s world of energy traders and quants is rather less nightmarish than that of Conrad’s sinister vision at the turn of the twentieth century, the energy world has its very own heart of darkness too. And that is the mysterious, twilight world of correlation.

If the developing energy markets are an unknown land, then traders are