Energy Convergence: The Beginning of the Multi-Commodity Market

by Peter C. Fusaro, released 2002 by John Wiley, hardcover, 254 pages

An energy investor of the 1970's or 1980's would hardly recognize the energy market of today. Global changes in regulatory structures, privatization efforts, and competitive market forces are engineering a variety of trading innovations. Multinational corporations are consolidating and and constructing new commodities and new markets for trading that are changing the shape of the energy industry. Veteran energy insider Peter Fusaro shows you how to negotiate this shifting terrain and participate in Energy Convergence: The Beginning of the Multi-Commodity Market. Assembling an all-star cast of contributors, Fusaro examines the new developments and their ramifications from every conceivable angle, providing the first comprehensive coverage of all the new markets. Topics addressed include: Weather Derivatives and reinsurance; the development of bandwidth market liquidity; new techniques in energy options; freight trading as an emerging commodity market; market risk in electric generation finance; energy risk management in the merger context; emerging financial markets for protecting the environment.

"Energy Convergence identifies and addresses the key elements in the ongoing development and evolution of the energy trading markets. This book is an important addition to the literature on contemporary energy trading markets. It pulls together in one place thoughtful discussions about the way energy markets are converging from different starting points." ...A. S. Kramer, partner, McDermott, Will & Emery, author of Financial Products: Taxation, Regulation, and Design.