Limits

A breakthrough borehole imaging system developed by Technology International Inc. may push the limits of “seismic-while-drilling” technology to enable producers to more easily find natural gas and oil reserves, the Department of Energy (DOE) said Wednesday.

As the Commodity Futures Trading Commission moves to crack down on excessive speculation in energy markets by imposing position limits, one U.S. senator is eyeing changes in the tax code to cut trading volume, while another will propose a bill to require the reporting of over-the-counter (OTC) derivative trades — including energy transactions — to a central trade repository, making it easier for regulators to keep closer tabs on the market.

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.

In the June 23 article titled “UNG Seeks Removal of Trading Limits” it was incorrectly stated that the United States Natural Gas Fund (UNG) at the close of business Monday held a total of 229,890 August futures contracts on IntercontinentalExchange (ICE) and 97,746 August swaps contracts. The 229,890 contracts on ICE are swaps, not futures, and the 97,746 swaps contracts are New York Mercantile Exchange swaps. NGI regrets the errors.

Limits on power generator greenhouse gas (GHG) emissions will be a boon to the natural gas industry while domestic productive capacity and access to global supply are poised to climb. Producers will need to remember that “price matters,” and regulators should ensure that their initiatives do not contradict each other, a Rice University Baker Institute fellow warned.

Limits on power generator greenhouse gas (GHG) emissions will be a boon to the natural gas industry while domestic productive capacity and access to global supply are poised to climb. Producers will need to remember that “price matters,” and regulators should ensure that their initiatives do not contradict each other, a Rice University Baker Institute fellow warned.

Industry energy consumers called on the House Wednesday to require the Commodity Futures Trading Commission (CFTC) to provide aggregate position limits across all exchanges in order to control excessive speculation in energy commodities, particularly natural gas.

The development of domestic oil and natural gas resources in areas that have been kept off-limits by Congress for decades could produce more than $1.7 trillion in revenue for the federal government, create thousands of jobs and bolster the nation’s energy security, according to a study released by the American Petroleum Institute (API).

The development of domestic oil and natural gas resources that have been placed off-limits by Congress for nearly three decades could produce more than $1.7 trillion in revenue for the federal government, create thousands of jobs and bolster the nation’s energy security, a study released by the American Petroleum Institute (API) said.