A broad coalition of industry, trade and consumer advocacy groups has called on the Commodity Futures Trading Commission (CFTC) to narrowly interpret the sweeping Wall Street Reform Act when proposing and implementing rules.
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Coalition Urges CFTC to Narrowly Tailor Reform Rules
A broad coalition of industry, trade and consumer advocacy groups has called on the Commodity Futures Trading Commission (CFTC) to narrowly interpret the sweeping Wall Street Reform Act when proposing and implementing rules.
Court Ruling on OCS Lease Plan Puts Producers in Limbo
All eyes remained on the Department of Interior last week to see how it would interpret a recent appellate court decision, which threw out the five-year Outer Continental Shelf (OCS) leasing plan for 2007-2012, but the agency was silent on the issue. The decision threatens to upset the current offshore leasing schedule and raises questions about sales that already have been completed under the plan (see NGI, April 20).
FERC’s Wood Looking for a Few Good Executives
Chairman-designate Pat Wood III is looking for a few good energy executives to interpret for him and his FERC colleagues the reams of data that come into the Commission on the natural gas and electricity markets, so they’ll be better equipped to detect when something “smelly” is taking place.
After Breaking Resistance; Bulls Take Profits, Market Lower
Technical analysis was originated by Charles Dow in the late1800s as an attempt to interpret recurring historical pricemovements displayed by a group of stocks, which have since evolvedinto today’s Dow Jones Industrial Average. He would have been proudof the natural gas futures market last week. For four days the Maycontract ebbed and flowed within a 10-cent trading range until itbroke higher Friday in a technical buying spree. But as if it werefollowing the same script rehearsed during the prior two tradingdays, the May contract couldn’t hold onto its gains Friday,releasing them in the form of profit taking ahead of the weekend.The May contract capped the week with a 2.7-cent advance to $2.096after notching a $2.15 high.