Product Description

How to trade and invest in an expanding financial market

This practical introduction to energy trading gives readers a solid foundation in the entire energy market— from petroleum drilling and electricity generation to the implementation of commodity derivative models. Energy Trading & Investing discusses the major players in the energy markets and how they use the markets to their advantage. Special attention is paid to investing and valuing physical energy assets like power plants, storage facilities, refineries, and solar installations.

Product Details

• Amazon Sales Rank: #115194 in Books
• Published on: 2009-11-01
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 400 pages

From the Back Cover

How to profit in one of today’s fastest-growing financial markets!

With diminishing fossil fuel supplies and the growing specter of environmental change, governments are using the free market to minimize the cost of adopting sustainable energy policies. This makes energy one of the few markets that is rapidly expanding, and it is now one of the hottest investment opportunities in the world.

Energy Trading and Investing offers a comprehensive and practical introduction to energy trading—from the big picture of how different products are related to each other to in-depth explanations of the jargon and fi nancial mathematics that trip up new traders.

Energy Trading and Investing features:

• A detailed introduction to each of the major energy markets: electricity, natural gas, petroleum, coal, and emissions
• Primers on advanced topics like storage, wheeling, load forecasting, and pipeline transportation
• Examples of ways to invest in wind power, carbon emissions, thermal solar power, and other new markets

About the Author
Davis W. Edwards is a managing director at Macquarie Group and is responsible for managing the credit risks of its North American energy investments. Macquarie, Australia’s preeminent fi nancial conglomerate, is one of the largest energy companies in North America through its subsidiary, Macquarie Cook Energy. Previously, Davis headed the Mathematical Arbitrage Trading Desk at Bear Stearns. With several billion in capital and operated like a private hedge fund, the Mathematical Arbitrage Trading Desk handled Bear Stearns’s proprietary investments in the equities, energy, commodities, and option markets.