Tom Langan dba WTL Trading
Experience
Designed and developed the GNP service for portfolio managers, the F3P for fuel retailers and their customers, and Rent-a-Risk-Manager for diverse businesses and their customers 20 years experience in physical & financial energy commodity (natural gas, power, oil, and refined products) risk management and trading.
- Authored and helped implement natural gas and electricity risk management policies for several California municipal utilities, applying effective and economical hedging strategies.
- Natural gas risk manager for California Department of Water Resources during and following the state's energy crisis (2001-03). Trained CDWR staff in the use of futures and options to control risk in the power & natural gas portfolio.
- Jet fuel sales manager, then energy risk manager, for west coast oil refining and marketing company.
Employment History
1997 to Present Cypress, CA
Owner, WTL Trading
Provide consulting services in energy portfolio risk assessment, risk management, optimization, and reporting. Services also include assisting with portfolio objectives and strategies, identification of risk tolerances, and development and implementation of risk management policies and hedging strategies. Authored several risk management policies for municipal utilities. A partial client and reference list is here.
Licensed and insured, with numerous industry references among California utilities and consulting firms.
Established a consulting business line to develop and implement strategic plans and risk management policies for clients ranging from municipal utilities to independent power producers.
1988–1997 Long Beach, CA
Energy Risk Manager, Valero (Ultramar)
Responsible for West Coast derivative trading and risk management activities. Active in inventory hedging, margin management, and trading using physical and financial instruments, including futures and options. Managed the company’s refined product inventory and future production price risk.
Responsible for wholesale marketing and inventory management of company’s jet fuel production. Developed and implemented price hedging strategies using futures market and OTC trading instruments.
Education
Massachusetts Institute of Technology Cambridge, MA
1981-1983 MBA – Concentration in Corporate Strategy & Finance
1976-1978 Masters of Science – Ocean Engineering & Civil Engineering
University of Massachusetts Amherst, MA
1971-1975 Bachelor of Science – Civil Engineering
Interests
Supporting active duty Marines, retired veterans, and other service members through the Patriots Ministry; mountain hiking and biking.