Thought leaders and experts offer the most current information and insights into energy finance

Energy Finance and Economics offers the most up-to-date information and compelling insights into the finance and economics of energy. With contributions from today's thought leaders who are experts in various areas of energy finance and economics, the book provides an overview of the energy industry and addresses issues concerning energy finance and economics.

The book focuses on a range of topics including corporate finance relevant to the oil and gas industry as well as addressing issues of unconventional, renewable, and alternative energy.

• A timely compendium of information and insights centering on topics related to energy finance
• Written by Betty and Russell Simkins, two experts on the topic of the economics of energy
• Covers special issues related to energy finance such as hybrid cars, energy hedging, and other timely topics

In one handy resource, the editors have collected the best-thinking on energy finance.

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When it comes to the issue of energy finance and economics, there are many opinions out there, but what’s really needed in order to gain a realistic understanding of this field are accurate and unbiased facts. That’s why Energy Finance and Economics, part of the Robert W. Kolb Series in Finance, has been created.

Engaging and informative, this reliable guide contains the latest insights regarding the finance and economics of energy based on contributions by practitioners and academics who are experts in these areas. It’s intended to bridge the gap between the scientific and technological foundations of energy and the real-world applications in the fields of finance and economics.

Divided into four comprehensive parts—with each chapter containing review questions to help reinforce key concepts—this book offers extensive coverage in the areas of valuation, analysis, and risk management, and includes timely discussions about the future of energy. Page by page, it addresses the most essential issues associated with energy finance and economics, and will help you:

• Gain valuable knowledge regarding energy supply and demand, industry structure, the myths and realities about sustainable energy, geopolitics and world energy use, and the drivers of energy prices
• Develop a better sense of value creation and decision-making in the energy industry
• Understand energy applications for best practices in financial analysis, including accounting standards that apply to oil and gas companies, capital budgeting and risk analysis for energy projects, and the economics of renewables
• Become familiar with the various types of energy derivatives and markets, and utilize key hedging techniques useful to energy risk management
• Put the field in perspective with practical case studies related to energy financial analysis such as the economics of buying a hybrid vehicle; Southwest Airlines’ decision to retrofit their fleet of jets with blended winglets to save on fuel costs; and the economics of wind energy projects, among others
• And much more

Energy finance is a complex topic, but with this book as your guide, you’ll gain a broad understanding of it, and discover how it can be effectively applied in real-world situations.

1. An Introduction to Energy Finance and Economics PART ONE. An Overview of Energy Finance and Economics 2. Geopolitics and World Energy Markets 3. Energy Economics: Past, Present, and Prospects for the Future 4. Sustainable Energy: Myths and Realities 5. A Brief Introduction to the Petroleum Industry: From Crude Oil and Natural Gas to Petrrochemiclas and Their Products 6. The Economics of Renewable Energy 7. How Our Political Views Affect Our View of Energy Prices PART TWO. Financial and Economic Analysis in the Energy Industry 8. Oil and Gas Accounting 9. Financial Statement Analysis for Oil and Gas Companies and Competitive Benchmarking 10.Petroleum Economics, Risk and Opportunity Analysis: Some Practical Perspectives 11. Real Options and Applications in the Energy Industry 12. International Petroleum Fiscal System 13. Financing Large Energy Projects 14. Financing Bio-Fuels Projects: Case Study Lessons PART THREE. Energy Risk Management and Related Topics 15. Energy Derivatives and Markets 16. Introduction to Energy Risk Management 17. Risks in Trading Energy Commodities 18. Carbon Management and Environmental Issues 19. Hedging and Value in the U.S. Airline Industry PART FOUR. Case Studies 20. PKO Resources, Inc.: Valuing a Producing Oil and Gas Property 21. Financial Analysis of the Purchase of a Hybrid Consumer Vehicle 22. ExxonMobil Corp.'s Acquisition of XTO Energy, Inc.: An Exercise in Valuation 23. Southwest Airlines: The Blended Winglet Project 24. Wind Energy Power Company, Inc.(A): Analyzing a Wind Energy Investment 25. A Case Study on Risk Management: Lessons from the Collapse of Amaranth Advisors LLC