6. What are the three unattractive options J&L could pursue if the fuel supplier walked away from their commitments? 7. What the two basic strategies J\&L could choose from to hedge their risk? 8. Even with these alternatives, what's a major question J\&L has about hedging their position? 9. What is intermodal freight? 10. What were some factors that affected the profitability of railroads? 11. How was market share won or lost and how many railroads usually competed for a particular client's business? 12. Since NYMEX didn't trade diesel fuel contracts, what could J\&L buy instead because there was such high market correlation? 13. What were some risks with using these contracts? 14. What is a futures contract and how does it work? 15. What is mark to market and how does it help with the counterparty risk from question #\$5? 16. What are options and how do they work? (calls are for long (betting on prices to go up), puts are for short (betting on prices to fall). 17. What was the major difference with what KCNB was offering J\&L from what J\&L could've gotten on their own with trading contracts? 6. What are the three unattractive options J&L could pursue if the fuel supplier walked away from their commitments? 7. What the two basic strategies J\&L could choose from to hedge their risk? 8. Even with these alternatives, what's a major question J\&L has about hedging their position? 9. What is intermodal freight? 10. What were some factors that affected the profitability of railroads? 11. How was market share won or lost and how many railroads usually competed for a particular client's business? 12. Since NYMEX didn't trade diesel fuel contracts, what could J\&L buy instead because there was such high market correlation? 13. What were some risks with using these contracts? 14. What is a futures contract and how does it work? 15. What is mark to market and how does it help with the counterparty risk from question #\$5? 16. What are options and how do they work? (calls are for long (betting on prices to go up), puts are for short (betting on prices to fall). 17. What was the major difference with what KCNB was offering J\&L from what J\&L could've gotten on their own with trading contracts