Imposing

As the Commodity Futures Trading Commission seeks to crack down on excessive speculation in energy markets by imposing position limits (see Daily GPI, July 29), a U.S. senator is eyeing changes in the tax code to achieve the same result.

As the Commodities Futures Trading Commission (CFTC) examines the possibility of imposing speculative position limits on “all commodities of finite supply,” the $4.4 billion United States Natural Gas Fund (UNG) moved to reduce its holdings of natural gas futures contracts and indicated that it may not continue to pursue its plans to expand its fund.

ConocoPhillips CEO Jim Mulva cautioned Congress last week about imposing new taxes on oil and natural gas producers, which he said would discourage production in U.S. basins on- and offshore.

ConocoPhillips CEO Jim Mulva Thursday cautioned Congress about imposing new taxes on oil and natural gas producers, which he said would discourage production in U.S. basins on- and offshore.

Northwest Pipeline has flouted FERC’s turn-back policy by imposing an “unreasonable and fundamentally defective” turn-back fee requirement that blocked shippers from shedding more than 200,000 Dth/d of unused and unwanted pipeline transportation capacity on its system, complained two Duke Energy subsidiaries.

Northwest Pipeline has flouted FERC’s turn-back policy by imposing an “unreasonable and fundamentally defective” turn-back fee requirement that blocked shippers from shedding more than 200,000 Dth/d of unused and unwanted pipeline transportation capacity on its system, complained two Duke Energy subsidiaries.

The latest operational flow order (OFO) posted by ANR Pipeline imposing a more restrictive hydrocarbon dew point standard on natural gas entering its system in the Gulf of Mexico region during February is at odds with a December FERC order that directed the pipeline to “cease and desist” from such practices, a coalition of producers told FERC last Wednesday.

The latest operational flow order (OFO) by ANR Pipeline imposing a more restrictive hydrocarbon dew point standard on natural gas entering its system in the Gulf of Mexico region during February is at odds with a December FERC order that directed the pipeline to “cease and desist” from such practices, a coalition of producers told FERC Wednesday.

The Federal Energy Regulatory Commission has upheld its earlier order imposing a heavy reporting requirement on transporters and sellers of natural gas into the California market.