Sen. Tom Harkin (D-IA) last Tuesday questioned the effectiveness of self-regulatory watchdog groups, such as the National Futures Association (NFA), as the “first line of defense” against market abuse following the disclosure that Iowa-based Peregrine Financial Group (PFG) and its founder Russell Wasendorf Sr. allegedly defrauded customers of more than $200 million.
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Senator: Peregrine Raises Questions About Self-Regulatory Groups
Sen. Tom Harkin (D-IA) Tuesday questioned the effectiveness of self-regulatory watchdog groups, such as the National Futures Association (NFA), as the “first line of defense” against market abuse following the disclosure that Iowa-based Peregrine Financial Group (PFG) and its founder Russell Wasendorf Sr. allegedly defrauded customers of more than $200 million.
MSC Touts Marcellus Best Practices
Seeking to create a uniform standard for how the oil and gas industry in the Appalachian Basin goes about drill site planning, developing and restoring the landscape once operations are complete, the Marcellus Shale Coalition (MSC) has released its first Recommended Practices (RP) report.
New York’s New DEC Chief Urged Go-Slow Approach to Hydrofracking
Joseph Martens, who was tapped by Gov. Andrew Cuomo on Tuesday to lead New York’s Department of Environmental Conservation (DEC), last year suggested the state wait until a federal study had been completed on hydraulic fracturing (hydrofracking) impacts to health and the environment before implementing rules for Marcellus Shale drillers.
CFTC, Exchanges, Consumers Debate Hard Position Limits
While the major commodity exchanges were divided over the effectiveness of broad-based position limits, the head of the Commodity Futures Trading Commission (CFTC) Tuesday indicated that the agency was clearly headed in this direction for trading in the energy futures markets.
Debate Over LNG-Fueled Power’s Merits Proves Combustible
Researchers at Pittsburgh’s Carnegie Mellon University are raising doubts about the long-term effectiveness of liquefied natural gas (LNG) in meeting the nation’s energy needs while reducing greenhouse gas (GHG) emissions, but an industry trade group claims their analysis is hopelessly flawed.
Carnegie Mellon Researchers Cast Doubts on LNG for Power Generation
Researchers at Pittsburgh’s Carnegie Mellon University are raising doubts about the long-term effectiveness of liquefied natural gas (LNG) in meeting the nation’s energy needs while reducing greenhouse gas (GHG) emissions.
GAO Agrees to Examine MMS Royalty Collection System
The Government Accountability Office (GAO) has accepted a request by House members to examine the accuracy and effectiveness of the royalty collection system of the Interior Department’s Minerals Management Services (MMS). The examination is part of a growing investigation into missing price thresholds on Gulf of Mexico (GOM) offshore leases in 1998 and 1999.
GAO Agrees to Examine MMS Royalty Collection System
The Government Accountability Office (GAO) has accepted a request by House members to examine the accuracy and effectiveness of the royalty collection system of the Interior Department’s Minerals Management Services (MMS). The examination is part of a growing investigation into missing price thresholds on Gulf of Mexico (GOM) offshore leases in 1998 and 1999.
CA Regulators Okay $49 Million for PG&E Smart Meter Pre-Start-Up Funds
Sending a message it wants both aggressiveness and cost-effectiveness in a billion-dollar utility meter-change-out proposal, the California Public Utilities Commission Thursday granted Pacific Gas and Electric Co. $49 million in pre-start-up funds — despite a staff recommendation to slash the amount to $7 million — for its proposed five-year effort to transform all of its natural gas and electricity utility customers to advanced (“smart”) metering systems.