A stronger, more informed approach to the energy markets The Energy World Is Flat provides a forward-looking analysis of the energy markets and addresses the implications of their rapid transformation. Written by acknowledged expert Daniel Lacalle, who is actively engaged with energy portfolios in the financial space, this book is grounded in experience with the world of high-stakes finance, and relays a realist's perspective of the current and future state of the energy markets. Readers will be brought up to date on the latest developments in the area, and learn the strategies that allow investors to profit from these developments. An examination of the markets' history draws parallels between past and current shifts, and a discussion of technological advancements helps readers understand the issues driving these changes. Energy has always been at the forefront of the economic agenda, being both the key to and a driver for development and growth. Its centrality to the world of finance makes it imperative for investors and analysts to understand the energy markets, irrespective of where on the wide range of energy spectrum observers they fall. The Energy World Is Flat is a guide to the past, present, and future of these crucial markets, and the strategies that make them profitable. These include: Understanding the state of the energy markets, including key developments and changes Discovering the ten pillars of a successful energy investment strategy Reviewing the history of the energy markets to put recent changes into perspective Learning which technologies are driving the changes, and how it will affect investors The recent energy market changes were both unexpected and so fundamental in nature that they represent a true shift in the energy macro- and microeconomic landscape. Investors and analysts seeking a stronger approach to these markets need the expert guidance provided by The Energy World Is Flat.

A stronger, more informed approach to the energy marketsThe Energy World Is Flat provides a forward-lookinganalysis of the energy markets and addresses the implications oftheir rapid transformation. Written by acknowledged expert DanielLacalle, who is actively engaged with energy portfolios in thefinancial space, this book is grounded in experience with the worldof high-stakes finance, and relays a realist's perspective of thecurrent and future state of the energy markets. Readers will bebrought up to date on the latest developments in the area, andlearn the strategies that allow investors to profit from thesedevelopments. An examination of the markets' history drawsparallels between past and current shifts, and a discussion oftechnological advancements helps readers understand the issuesdriving these changes.Energy has always been at the forefront of the economic agendabeing both the key to and a driver for development and growth. Itscentrality to the world of finance makes it imperative forinvestors and analysts to understand the energy marketsirrespective of where on the wide range of energy spectrumobservers they fall. The Energy World Is Flat is a guide tothe past, present, and future of these crucial markets, and thestrategies that make them profitable. These include:* Understanding the state of the energy markets, including keydevelopments and changes* Discovering the ten pillars of a successful energy investmentstrategy* Reviewing the history of the energy markets to put recentchanges into perspective* Learning which technologies are driving the changes, and how itwill affect investorsThe recent energy market changes were both unexpected and sofundamental in nature that they represent a true shift in theenergy macro- and microeconomic landscape. Investors and analystsseeking a stronger approach to these markets need the expertguidance provided by The Energy World Is Flat.

Chapter 1 The Mother of All Battles. The Flattening and Globalization of the Energy World 1Chapter 2 Lessons from the Internet Revolution and the Dotcom Bubble 11Chapter 3 The 10 Forces that are Flattening the Energy World 31Chapter 4 Flattener #1 - Geopolitics: The Two Sides of the Energy Security Coin 35Chapter 5 Flattener #2 - The Energy Reserves and Resources Glut 53Sorry, No Peak Oil 64No Peak Gas Either 76Chapter 6 Flattener #3 - Horizontal Drilling and Fracking 85Chapter 7 Flattener #4 - The Energy Broadband 103Chapter 8 Flattener #5 - Overcapacity 117Chapter 9 Flattener #6 - Globalization, Industrialization, and Urbanization 123Chapter 10 Flattener #7 - Demand Destruction 131Chapter 11 Flattener #8 - Demand Displacement 135The Battle for Transportation Demand 135The Battle for Electricity and Industrial Demand 148The Energy Domino 151Chapter 12 Flattener #9 - Regulation and Government Intervention 159Regulation vs. Free Markets 160The War on Pollution and Coal 165Renewable Energy and the Disinflation of Power Prices 172Biofuels and Food Inflation 193Chapter 13 Flattener #10 - Fiscal, Monetary, and Macroeconomic Flatteners 207The Btu that Broke OPEC's Back 209The Oil Tax Weapon 214Monetary Experiments and the Credit Risk Time Bomb 220Financial Flows. Let's Blame the Speculators 232Chapter 14 Implications and Opportunities in the Financial Markets 245Concluding Remarks 275Appendix For a Competitive European Energy Policy 279Index 289