Many people in the energy business would benefit greatly in their overall understanding by reading this book! It is well-organized and makes the complex business of hedging futures contracts seem logical. — Review, Amazon.com

The Fundamentals of Trading Energy Futures & Options was one the best business books I've read. It was easy to read and understand. The book is well written and earned its cost in my first hour of trading. I highly recommend this book —Review, Amazon.com

In today’s changing political and economic environment, it is increasingly important that companies learn to properly use the various trading instruments to protect themselves against price volatility. Since the first successful energy futures contract was introduced almost a quarter century ago, trading in energy futures and options has played an important role in hedging against fluctuations in the price of petroleum products, crude oil, natural gas, propane, electricity, and most recently, coal.

In this 2nd edition of their best-selling primer, authors Errera and Brown explain how exchange traded futures and options markets work, and how companies can successfully use the markets in their overall strategy to increase profitability. They cover everything from market mechanics, hedging, spread trading, and technical trading to history and growth of the markets. Also included is an extensive appendix detailing contract specifications for 13 energy futures/options contracts. BONUS: A summary of the rules of the most active energy futures and options contracts is included!

"This is a superb book for anyone who wants to learn more about futures and options, especially with specific examples to energy trading. It is quite easy to read and very understandable for anyone untrained in finance jargon."

Contents:

• Futures and options contracts markets
• Market mechanics
• Behavior of commodity futures prices
• Speculation and spread trading
• Hedging
• Introduction to options on futures
• Energy options strategies
• Technical factors
• History and growth
• Economic implications of energy futures and options
• Appendices
• Glossary
• Index