Errera, Steven & Brown, Stewart. The Fundamentals of Trading Energy Futures & Options (2nd ed.). Tulsa, Oklahoma: PennWell Corporation, 2002.
Date: 26 July 2003
Commentary
This is an extremely straightforward and impressive description of the energy markets and related aspects of the energy industry. The authors assume some understanding of markets, but provide plenty of background and detailed examples in describing the functions and reasoning in energy trading.
Summary
I have summarized the first several chapters (see link below) with emphasis on spot and futures markets for energy commodities; I also added additional analysis to more deeply describe some of the principles glossed over by the authors.
J. Sprigg