Energy Trading and Investing

How to trade and invest in an expanding financial market

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“The essential training manual for anyone who expects to profi tably engage
the energy market while avoiding the devils lurking in the details.”
Kurt Yeager, former President and CEO of the Electric Power Research Institute
and coauthor of Perfect Power



Shrinking fossil fuel supplies, volatile
prices, deregulation, and environmental
conservation have transformed the energy
market into a major arena for making
money. In response, an unprecedented amount
of capital and investment manpower has
fl ooded into the energy market. Older utilities
are finding that their quiet, safe business
has changed dramatically in a short period
of time.



Now, Energy Trading and Investing provides a
big-picture introduction to the industry along
with the trading know-how and fi nancial
details that every market participant needs
for success.


This hands-on guidebook covers all types of
energy markets—from the big-three markets
of electricity, natural gas, and oil to the
growing markets for liquefied natural gas,
emissions, and alternative energy. It provides
useful information on the interdependence
of the different energy markets, who the
major players are, and how Wall Street trades
energy products.


Energy Trading and Investing features:


An overview of the entire energy market
In-depth descriptions of all of the major
energy commodities
Financially oriented discussions of how
chemistry, physics, accounting, and
option pricing affect trading
Primers on load forecasting, tolling agreements,
natural gas storage, and more
A practical introduction to risk management


Written by a pioneering quant in the energy
market, Energy Trading and Investing provides
a highly disciplined and organized approach
to profi ting from energy investments. This
potent combination of detailed, up-to-date
information alongside expert know-how
thoroughly prepares you to invest and trade
with confi dence in the energy market.



If you’re a serious trader, you need to understand
the energy markets, and Energy Trading
and Investing is the only book you need to
trade successfully in this growing sector.