While the shock of the probable demise of Enron monopolized conversation in all trading rooms (see related story), swing prices continued to shoot higher Wednesday as winter storms raged through much of the nation’s midsection and parts of the West. Cold temperatures were prevalent almost everywhere except in the Southeast and Mid-Atlantic states.
Demise
Articles from Demise
Altra CEO Rejects Forrester Report’s Conclusions
A recent report by Forrester Research on the impending demise of independent trading exchanges doesn’t impress Altra Energy Technologies CEO Paul Bourke, who told NGI there are a few items the researchers overlooked in their race to endorse exchanges sponsored by the New York Mercantile Exchange and by companies trading in the market.
Price Dive Continues; SoCal Border Basis Skyrockets
The demise of Debby, softer futures and just not enough summerheat to really matter kept the cash market on a slide Thursday asalmost all points plunged by about 20 cents or more. Predictably,however, the smallest declines were registered by California as ananticipated reopening of one line at Pecos River Station on ElPaso’s southern branch failed to materialize due to a regulatoryfiat.