Best Area of Energy Trading

You can not go wrong with any of them. I think natural gas is an easier product to understand from a fundies perspective as it is a North American market vs crude which is a global market. Natural gas traders I work with focus on several different things. There are your asset/marketers types that take out storage/transport and trade around these assets. There are your basis traders that focus on regional spreads and put on financial/physical speculative positions. Finally there are your NYMEX and option guys who are mixed between speculative and flow. This is all a simplification and obviously every trader/company is different and frequently these roles will overlap. Trading Refined products are trickier just because of the wide variety of products/blends available and the various refining costs. From what I have seen the traders seem to specialize in a single product like diesel or jet fuel. Again Refined product traders can go down the physical asset path or speculative roles. Crude is a very tricky global product, but I think financial crude trading offers the most opportunities. It is the largest market and heavily traded all over the world. It seems like natural gas trading is primarily out of Houston and an ok NYC/CT presence. Power is regionally focused but less liquid than gas and crude. It is typically divided into real time, day ahead, and term traders. Real time guys work 12 hour shifts, very strange hours, but have lots of time off. The big money in power comes from day ahead/ term traders putting together price management deals. Fuck it you can make money in any of them and the grass always seems greener on the other side.