Product Description

Price Risk Management and Trading.

Energy risk management expert, Tom James, does it again. His latest book is a timely addition to the rapidly developing energy trading markets. This book should be on every energy trader, risk manager and corporate planer's desk. it is an easy read as Tom goes into great detail to explain the intricacies of this market and its various unique elements. - Peter C. Fusaro, Chairman, Global Change Associates Inc., Best-selling Author and Energy Expert

This sensible and practical guide is essential for those seeking an understanding of commerce in energy derivatives. beyond merely informative, this hand book for the practitioner details the finer points of the use of derivatives as tools for price-risk management. No energy trading desk should be without it. - Ethan L. Cohen, Senior Director, Utility and Energy Technology, UtiliPoint International Inc.

Energy markets are much more volatile than other commodity markets, so risk mitigation is more of a concern. Energy prices, for example, can be affected by weather, geopo9litical turmoil, changes in tax and legal systems, OPEC decisions, analysis' reports, transportation issues, and supply and demand - to name just a few factors. Tom James's book is a practical guide to assessing and managing these risks. It is a must-read for senior management as well as risk and financial professionals.- Don Stowers, Editor, Oil & Gas Financial Journal

This book is the most comprehensive on price risk management-centric efforts. It provides the reader with a tangible experience of derivatives in today's capital and energy markets. The breadth and scope of the passages are immense, in that both developed and developing countries' energy markets are considered and examples applied. Terrific read! - Rashpal Bhatti, Marketing Manager, Energy Trading Asia, Enron/BHP Billiton

Tom James has simplified the intricacies of a very complex market. In this new market of "hot" commodities, he has been able to give a fresh course to those who are new to the energy markets and a solid review for those that are well seasoned. he covers everything within the oil market from A to Z in this book and does it well. Coming from a financial background myself, it's good to finally find a book that can bring a better understanding to the field of energy commodities. - Carl Larry, Vice President Citi Energy Global Commodities

Product Details

• Amazon Sales Rank: #257647 in Books
• Published on: 2007-12-04
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 450 pages

From the Inside Flap
Energy companies are increasingly exposed to price fluctuations in the volatile energy markets since the turn of the new century. Energy prices are affect by numerous factors such as geographical and political environments, developments in legal systems, OPEC decisions, speculative investment in the market as well as demand and supply.

Energy Markets: Price Risk Management and Trading is the practitioner's guide to trading the markets and optimizing company performance using the correct price risk strategies and tools. This book will also help you put in place the strategy, management controls and reporting structures necessary to ensure that trading or hedging progr5ams achieves its goals and does not add unexpected or unwanted risks to your firm.

As a direct trader in these markets or as an investor in hedge funds in the energy sector, this comprehensive book will give you an insight to the financial energy markets and their operation.

Inspired by the success of the courses run by Professor Tom James in global energy and commodities trading and price risk management, this book includes a wealth of practical knowledge applied to the market place. It is required reading for anyone involved in managing risk in the volatile yet opportunistic energy markets.

From the Back Cover
Price Risk Management and Trading.

Energy risk management expert, Tom James, does it again. His latest book is a timely addition to the rapidly developing energy trading markets. This book should be on every energy trader, risk manager and corporate planer's desk. it is an easy read as Tom goes into great detail to explain the intricacies of this market and its various unique elements. - Peter C. Fusaro, Chairman, Global Change Associates Inc., Best-selling Author and Energy Expert

This sensible and practical guide is essential for those seeking an understanding of commerce in energy derivatives. beyond merely informative, this hand book for the practitioner details the finer points of the use of derivatives as tools for price-risk management. No energy trading desk should be without it. - Ethan L. Cohen, Senior Director, Utility and Energy Technology, UtiliPoint International Inc.

Energy markets are much more volatile than other commodity markets, so risk mitigation is more of a concern. Energy prices, for example, can be affected by weather, geopo9litical turmoil, changes in tax and legal systems, OPEC decisions, analysis' reports, transportation issues, and supply and demand - to name just a few factors. Tom James's book is a practical guide to assessing and managing these risks. It is a must-read for senior management as well as risk and financial professionals.- Don Stowers, Editor, Oil & Gas Financial Journal

This book is the most comprehensive on price risk management-centric efforts. It provides the reader with a tangible experience of derivatives in today's capital and energy markets. The breadth and scope of the passages are immense, in that both developed and developing countries' energy markets are considered and examples applied. Terrific read! - Rashpal Bhatti, Marketing Manager, Energy Trading Asia, Enron/BHP Billiton

Tom James has simplified the intricacies of a very complex market. In this new market of "hot" commodities, he has been able to give a fresh course to those who are new to the energy markets and a solid review for those that are well seasoned. he covers everything within the oil market from A to Z in this book and does it well. Coming from a financial background myself, it's good to finally find a book that can bring a better understanding to the field of energy commodities. - Carl Larry, Vice President Citi Energy Global Commodities

About the Author
Professor Tom James has been involved in energy and commodity markets since 1989 and is an internationally know business architect, leading market analyst, and trader in the commodity sector within top tier financial institutions. he is currently Head of Commodity Trading for the firm Liquid Capital (www.liquidcapital.com). before joining Liquid Capital in July 2007, he was acting as an advisor to numerous energy firms in Asia and Europe and prior to this he held positions as Director for the Commodity Derivatives Groups at the Bank of Tokyo Mitsubishi, Director of Traded Energy Markets at Credit Agricole Indosuez and as Asia Pacific Regional Head for Commodity Derivatives at Credit Lyonnais (Singapore).

His publications include Energy Price Risk (Palgrave Macmillan, 2003), which has been published in English, Chinese and Russian, Energy Hedging in Asia (Palgrave Macmillan, 2005), and Energy & Emissions Markets (John Wiley & Sons, 2006). He was a contributor to Agribusiness & Commodity Risk Strategies (Risk Books, 2003) and the Professional Risk Managers Association's book on Energy & Environmental Markets (PRMIA, 2007).

Customer Reviews

Very expensive for a poor introductory book
The book is ok as introduction. But don't expect you will learn much. Just to say few new words in the pub to your non financial friends.
It has some mistakes, definitions sometimes unclear, wrong words (I've just read a sentence where it says 'volume' instead of 'volatility')
It's like if there were different authors and all rewritten by another one who doesn't understand the subject.
It makes an attempt to explain options, but it falls in chaos, something explained in detail, next related thing explained in just one sentence.
Overall, it's not bad as a introduction, very bad put together and not well reviewed, but you get to know some concepts.
I rate it the lowest because although the book works as an introduction, the price is extremely high for a low value, badly written, introductory book.
Absolutely not worth this much money.

A Good Preliminary Investment
If you want a nice mixture of infrastructure info and basic risk management priniciples for this sector of the derivatives market, this book is a good investment. Not overly burdened with the mathematical models underpinning pricing for every single type of instrument in existence, I really like this book for giving me both a decent range of information on the nuts and bolts of how these are traded and the macro principles involved in examining their risk context.