Product Description
GARP’s Fundamentals of Energy Risk Management introduces investors to the basic components and some of the basic terminology used in the energy industry. It covers the commodity cycle, energy use and sources, and various risk types, various energy products and the markets where energy is traded. It also introduces certain risk management fundamentals and real option thinking. The book is GARP’s required text used by risk professionals looking to obtain their Certifi… More >>
Tags: Energy, Financial, Foundations, Management, Markets, Overview, Physical, Risk, Sector
2 responses to Foundations of Energy Risk Management: An Overview of the Energy Sector and Its Physical and Financial Markets
This is honestly a terrible book. My guess is that it was put together by an intern during a week or two. First it is very short, about 93 pages. Without counting figures there might be 50 pages of text. I finished it in a single night. At $60, that was the most expensive night of nothing in my life.
I would say that it is a very very quick introduction to theastounding fact that people find, purify, sell and use energy. Chapter 1 lays out these generalizations. Chapter 2 lists the different risks in energy markets (a valuable part of the book). Chapter 3 gives a bunch of disconnected statistics about world energy uses. Chapter 4 contains a bunch of random statistics laid out according to what type of energy those statistics apply to. Chapter 5 is what you probably bought the book for, but there is next to nothing there (yet this is the most valuable part of the book). A few bad examples, no math, and you come away knowing what you did beforehand. Chapter 6 is two pages.
I’m not sure if you can tell from my review, but I feel cheated. If this book was advertised as an $8 just-basics handbook then I would have been happy. But charging a textbook price for this? You should probably keep looking.
Rating: 1 / 5
This is a very good introduction to both energy and risk management. Highly recommended for someone just coming into the business or if someone needs a solid refresher. Recommend looking at GARP’s other books in the series ([...]).
Rating: 5 / 5
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