BP shares in the U.S. market rebounded sharply Thursday as investors who had pushed the panic button Wednesday heeded cooler analytical heads and drove the price up more than 12% at the close from the 14-year low recorded the previous day.
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FERC OMOI Staff Reports 67 Open Investigations of Potential Market Manipulation
In its first analytical report to the full commission, FERC’s Office of Market Oversight and Investigations (OMOI) warned that one of the most significant concerns currently facing the industry and regulators is the “continuing potential for manipulation” of the gas market. OMOI Acting Director Lisa L. Carter said there are 67 open investigations and the number is increasing.
GRI Releases 1999 Data Book
The Gas Research Institute released its 1999 Data Book, whichcontains the analytical output from the recently released 1999Edition of the GRI Baseline Projection of U.S. Energy Supply andDemand to 2015. The Baseline Projection, released in August,describes a highly competitive, low-price energy future, withnatural gas expanding its share of the nation’s total energy marketfrom 24 percent in 1997 to 28 percent in 2015.