The popular guide to earning stunning profits in the energy markets-updated with critical information on virtually every market, from fossil fuels to renewable energy.
Energy Trading & Investing, Second Edition, brings readers up to date on everything they need to know about the energy revolutions that are changing the world - how fracking has the U.S. awash in cheap oil and natural gas; how alternative energy technologies like solar and wind are shaking up utilities; and how changes in the electrical grid are being addressed by multi-state organizations.
A long-time veteran of the energy markets, Edwards offers practical advice to help energy investors choose profitable energy investments. The book is written in plain English and has been expanded with information to assist small and large investors, candidates for MBAs and finance degrees, and candidates for professional certifications in risk management understand the risks and benefits of the energy industry.
Now is the time for you to enter the energy market or expand your position. Let Energy Trading & Investing guide you every step of the way.
Davis W. Edwards is a recognized expert on financial market microstructure, trading technology, and the use of artificial intelligence in trading. A senior manager in Deloitte & Touche's National Securities Pricing Center, he is also a popular speaker on the topic of risk management, modeling, and trading. Edwards is the author of Risk Management in Trading, Energy Trading & Investing, and Energy Investing Demystified.
Preface 1.1 An Overview of the Energy Markets 1.2 Trading Markets 1.3 Exploration and Production 2.1 Natural Gas 2.2 Electricity 2.3 Oil 2.4 Coal 2.5 Emissions Markets 2.6 Natural GAs Liquids 3.1 Pollution 3.2 Physical Properties 3.3 Statistics 3.4 Financial Options 3.5 Option Pricing 3.6 Spread Options 4.1 Spatial Load Forecasting 4.2 The Generation Stack 4.3 Tolling Agreements 4.4 Wheeling Power 4.5 Solar Power 4.6 Wind Power 4.7 Nuclear Power 4.8 Electricity Storage 4.9 Levelized Cost of Entry 4.10 Secondary Electricity Markets 5.1 Natural Gas Transportation 5.2 Natural Gas Storage 5.3 Liquefied Natural Gas 6.1 Mark-To-Mark Accounting 6.2 Value at Risk 6.3 Counterparty Credit Risk 6.4 Model Risk 6.5 Hedging 6.6 Weather Derivatives Afterword Index