<b>Tools and methods for analysis and management of energy risk</b><p><i>Energy and Power Risk Management, Second Edition</i> addresses the complex issues and challenges arising in the expanding market for energy derivatives, providing you with insight into modeling, hedging, and risk management techniques utilized in the energy markets.</p><p>This fully revised and updated <i>Second Edition</i> provides significantly more coverage of the oil and oil product markets as well as commodity-linked fixed-income products, and also reviews the impact technical developments in modeling and model estimation have made within this industry over the last few years.</p><ul><li>Expands the coverage of principal trading/risk management strategies in commodities markets, including convergence trading and structured risk trading (volatility and correlation)</li><li>Contains tools and strategies for producers, wholesale consumers, investors, and dedicated risk management participants of the commodity markets</li><li>Provides a detailed discussion of underlying fundamental issues, such as supply/demand relations, outages, and operational and environmental constraints that can have a dramatic impact on the value and behavior of energy derivatives and assets</li><li>Uses real-world examples and current data to illuminate all of its most important theoretical points</li></ul><p><i>Energy and Power Risk Management, Second Edition</i> is an essential read for anyone involved in this evolving field.</p>