Limit

Due to forecasts of milder weather, Dominion rescinded Conform Transportation Services to Scheduled Nominations and FTNN Hourly Limit OFOs for its PL-1 service area that had been issued late last week.

Commodities traders are wrestling with two questions stemming from President Obama’s announcement Thursday that he would push for legislation to limit activities, including proprietary trading, of the nation’s largest banks. The questions are: No. 1, Can the president get it through Congress? and No. 2, What would be the impact on the commodities market?

Commodities traders are wrestling with two questions stemming from President Obama’s announcement Thursday that he would push for legislation to limit activities, including proprietary trading, of the nation’s largest banks. The questions are: No. 1, Can the president get it through Congress? and No. 2, What would be the impact on the commodities market?

With a record amount of natural gas in storage and “resilient” domestic gas production, the Energy Information Administration (EIA) expects spot prices to hover in the $5/Mcf range during the winter season, “even as space-heating demand increases and economic conditions improve.” The agency also anticipates that gas consumption by power generators will drop next year due to potentially higher gas prices and the addition of new coal-fired generation capacity.

Far be it for ExxonMobil Corp. to follow the crowd. Congress is well into the debate on how to limit greenhouse gas (GHG) emissions through cap-and-trade schemes, but the CEO of the world’s largest public company thinks policymakers should reverse course and instead debate the benefits of a revenue-neutral carbon tax.

Far be it for ExxonMobil Corp. to follow the crowd. Congress is well into the debate on how to limit greenhouse gas (GHG) emissions through cap-and-trade schemes, but the CEO of the world’s largest public company thinks policymakers should reverse course and instead debate the benefits of a revenue-neutral carbon tax.

While saying he favors limiting excess commodities market speculation through position-limit authority, new Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler declined to attribute the recent rise in oil prices to a return of speculative fever. Responding to questions before a Senate Appropriations subcommittee Tuesday, he said “part of what we’re seeing is confidence coming back into the market.”

Potentially big regulatory changes lie ahead for the natural gas industry as Congress gets down to business in the next few months on legislation to limit speculation in the commodity markets. “The real question is whether the changes will make the existing regulatory system stronger or create an entirely new system that will fix the perceived problems without creating new problems for the future,” Gregory Mocek, former director of enforcement for the Commodity Futures Trading Commission (CFTC), told NGI.

Potentially big regulatory changes lie ahead for the natural gas industry as Congress gets down to business in the next few months on legislation to limit speculation in the commodity markets. “The real question is whether the changes will make the existing regulatory system stronger or create an entirely new system that will fix the perceived problems without creating new problems for the future,” Gregory Mocek, former director of enforcement for the Commodity Futures Trading Commission (CFTC), told NGI.