In order to operate as a professional in this business, it is necessary to understand every layer of the industry (physical, financial, and geo-political). The energy markets represent a network of related physical, financial and credit markets, with very complex interactions and interdependencies. This book enables the reader to come to an understanding of every layer and interaction, learning everything they need to about the realities of working within these markets, in an accessible, straightforward manner.
Energy markets are evolving towards a highly integrated, global system, with shocks propagating across specific physical commodities markets and different local markets. The physical and financial markets cannot be examined in isolation from each other and this book brings the two together, providing detailed and comprehensive coverage of these continually evolving areas.
Energy Markets is the first of two books that provide a comprehensive, systematic and extensive review of these complex and constantly evolving markets – markets that are critical to maintaining the standards of living achieved by highly developed societies and to the future fortunes of emerging economies.
ISBN | 9781906348793 |
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Navision code | MENM |
Publication date | 21 Jan 2013 |
Size | 155mm x 235mm |
Vincent Kaminski
Mr Vincent Kaminski has spent fourteen years working in different positions related to quantitative analysis and risk management in the merchant energy industry. The companies he has worked for include Citigroup, Sempra Energy Trading, Reliant Energy, Citadel Investment Group, and Enron (from 1992 to 2002) where he was the head of the quantitative modeling group. Prior to beginning a career in the energy industry, Mr Kaminski was a vice president in the research department, bond portfolio analysis group, of Salomon Brothers in New York (from 1986 to 1992). In September 2006 Mr Kaminski accepted an academic position with Rice University in Houston (Jesse H. Jones Graduate School of Business) where he is teaching MBA level classes on energy markets, energy risk management and valuation of energy derivatives. Mr Kaminski holds an M.S. degree in international economics, a Ph.D. degree in theoretical economics from the Main School of Planning and Statistics in Warsaw, Poland, and an MBA from Fordham University in New York. He is a recipient of the 1999 James H. McGraw award for Energy Risk Management (Energy Risk Manager of the Year). Mr Kaminski has published a number of papers, and contributed to several books, on the energy markets.
Introduction
SECTION 1: ENERGY TRADING: THE PAST AND THE FUTURE
1. Energy Trading and Marketing: The Macro View
2. Energy Trading: The Organization
3. Weather Information in Energy Trading
SECTION 2: PARTICIPANTS AND INSTRUMENTS
4. Energy Markets: The Instruments
5. Energy Markets: Structured Transactions
6. Energy Markets: Exchanges
7. Energy Markets: Market Participants and Regulatory Developments
SECTION 3: NATURAL GAS
8. Natural Gas: Upstream
9. Non-Conventional Natural Gas
10. Natural Gas Transportation and Storage
11. US Natural Gas Markets
12. International Natural Gas Markets
SECTION 4: OIL MARKETS
13. Oil Markets: Properties, Production and Reserves
14. Non-Conventional Oil
15. Oil Processing
16. Oil Transportation and Storage
17. Oil Pricing
18. Transactions in the Oil Markets
SECTION 5: ELECTRICITY, EMISSIONS AND COAL
19. Electricity: The Basics
20. Power Generation
21. Transmission, Loads and Power Pools
22. Analytical Tools
23. Electricity Markets Transactions
24. Manipulation and Gaming of Energy Markets
25. Emission Markets
26. Coal
Conclusion