Industry leader, Carol Dahl has thoroughly revised and updated her classic text International Energy Markets: Understanding Pricing, Policies, and Profits. The second edition uses updated examples, statistics and models to explore energy policy, economics, institutions, and production in a global context. It will be of interest to anyone who wants to learn more about the global energy industry, and is a perfect classroom resource. With this book you will:
• Learn the fundamentals needed to make sound economic, business, and government policy decisions relating to energy industries.
• Gain a better understanding of energy markets through economics, mathematical optimization, simulation, and forecasting.
• Obtain historical, institutional, engineering and technical knowledge of energy production, transportation, and transformation.
• Explore models for understanding and managing energy resources in a global environment.
• Understand the basics of energy generation.

Industry leader, Carol Dahl has thoroughly revised and updated her classic text International Energy Markets: Understanding Pricing, Policies, and Profits. The second edition uses updated examples, statistics and models to explore energy policy, economics, institutions, and production in a global context. It will be of interest to anyone who wants to learn more about the global energy industry, and is a perfect classroom resource.

1. Introduction to our journey 2. Energy lessons from the past and modeling the future 3. Perfect competition and the coal industry 4. Energy price controls, taxes, subsidies, and social welfare 5. Natural monopoly and electricity markets 6. Restructuring in the electricity sector 7. Monopoly, dominant firm, and OPEC 8. Market structure, transaction cost economics, and US natural gas markets 9. Monopsony: Japan and the Asia-Pacific LNG market 10. Game theory and the European natural gas market 11. Externalities and energy pollution 12. Public goods and global climate change 13. Safey and security 14. Allocating fossil fuel production over time and oil leasing 15. Supply and costs curves 16. Energy balances and energy demand 17. Linear programming, refining, and energy transportation 18. Energy futures markets for managing risk 19. Energy options for managing risk 20. Climbing the energy/development ladder to sustainability 21. Sustainable wealth in fossil fuel-rich developing countries 22. Managing in the multicultural world of energy