Study Energy Markets, Energy Markets Schools
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From the moment we wake up each morning to the time we get to bed after a long day at work, we use one form of energy or another. We need energy to make coffee, to cook food, iron clothes, drive to work, heat our homes during winter, or cool it during summertime. Energy, in the form of electricity, fuel, or gas has made our lives more comfortable in every little way. Today’s world simply cannot subsist without these forms of energy that play crucial part in running industries and lives in general. Oil, coal, natural gas, hydroelectric, and nuclear are the primary energy sources. The Middle East part of Asia (Iraq, Iran, Saudi, Kuwait, Dubai, etc.) has been gifted with the abundance of oil in their territory. Prior to realizing how big asset oil is, these countries were close to considering themselves cursed for the scarcity of water supply. The development of technology to harness these forms of energy and transform them to something beneficial to uplift the quality of human lives has been one of the triumphs of the 20th century. Consequently, these developments have transformed energy into a precious commodity and the countries rich in these energy sources into major players in world economy.
The worldwide deregulation of energy and power resources has developed energy markets, wherein energies, in the form of electrical, crude oil, and natural gas are bought and sold like any other commodity. The trading of energy is, therefore, influenced by market forces, such as inflation rate, supply, and demand; economic forces, such as the behavior of industry players, power producers, distributors, and consumers. Other factors that influence the price of these commodities in the market are politics, peace and order situation, and even the weather. With all these variables to deal with, Energy trading is a difficult juggling act. Energy market experts say that forecasting energy prices with precision is a long shot, if not totally a joke.
Energy supplies are products that do not have ceiling prices if the world runs out of supply. The analysis is not as straight forward as the market analysis of other commodities, where the state or the industry can dictate the ceiling and floor prices. After all, what is this world going to do without these energy forms anyway? Formulating alternative solutions to energy supply has always been one of the priorities of different countries due to expensiveness of these conventional energy sources. It must be really difficult to successfully implement one because these initiatives just take years or decades to materialize; and even if they already take place, it cannot sustain the demand that conventional energy sources can.
Energy markets, as a field of study, is increasingly becoming more popular. More and more schools are now offering courses, workshops, and seminars in the field of Energy Trading. These schools and training centers provide students the fundamentals of trading commodities. The lure of making a lot of money has been enticing to many individuals to be involved in energy trading. Unfortunately, the interest to gain much money is not the only driver to succeed in this field. One must have a really deep understanding of the complex Energy market. He must have the attitude of being “in the lookout” for any factor that could possibly drive changes in prices. Equally important, he must have background in trading and economics to be able to play logically with complex assumptions.
The analysis that Energy Market experts do plays essential part in world economies. Their forecasts are what some industries rely on in planning ahead with their businesses. It also serves as caveat for whatever economic preparation the world has to take with respect to factors affected by energy sources. With all these, their analysis and forecasts have to be as logical as possible. As forecast, in its very sense, is a ‘guess,’ energy market experts should see to it that it’s a highly calculated guess as it could potentially make or break a business or an industry. These professionals are commonly employed by trading companies and by large corporations (especially those whose core business depends largely on energy sources) which opt to employ full-time market experts.