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. 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.