While companies that are primarily financial traders — i.e., speculators — are the main target of U.S. Treasury Department and Commodity Futures Trading Commission (CFTC) regulatory reform efforts by the Obama administration, hedgers seeking to manage commodity price risk could get caught in the regulatory crossfire, according to an analysis of proposed reforms by Deloitte & Touche LLP.
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Consultant: Market Reforms Could Squeeze Hedgers
While companies that are primarily financial traders — i.e., speculators — are the main target of U.S. Treasury Department and Commodity Futures Trading Commission (CFTC) regulatory reform efforts by the Obama administration, hedgers seeking to manage commodity price risk could get caught in the regulatory crossfire, according to an analysis of proposed reforms by Deloitte & Touche LLP.
Debate on Derivatives Reform Heats Up
A call for mandatory clearing or pushing all over the counter (OTC) market futures products onto an exchange, particularly nonstandardized products, was one of the main points of dispute among congressmen, financial industry witnesses and critics at an extensive hearing on market reform Thursday before the Senate Committee on Agriculture, Nutrition and Forestry.
BP CEO: Economic Impact on Energy Industry ‘Sudden and Severe’
Long-term growth in energy demand cannot be reversed, but volatility in oil and gas prices could dampen future supplies and presents one of the “main challenges” facing the energy industry, BP plc CEO Tony Hayward said last week.
BP CEO: Economic Impact on Energy Industry ‘Sudden and Severe’
Long-term growth in energy demand cannot be reversed, but volatility in oil and gas prices could dampen future supplies and presents one of the “main challenges” facing the energy industry, BP plc CEO Tony Hayward told a California audience on Wednesday.
U.S. Power Grid Under Attack by Cyberspies
The cloak and dagger spy activity of the Cold War era has gone on-line, according to current and former national security officials, who report that one of the main targets of these cyberspies is the U.S. electrical grid infrastructure.
Foreign Cyberspies Already Inside U.S. Electrical Grid
The cloak and dagger spy activity of the Cold War era has gone on-line, according to current and former national security officials, who report that one of the main targets of these cyberspies is the U.S. electrical grid infrastructure.
Closed SoCalGas Storage Field Center of Wildfire Probe
One of the main Southern California wildfires blackening parts of northern Los Angeles County is suspected of being caused by a downed electric transmission line serving the Southern California Gas Co.’s (SoCalGas) largest underground storage facility in the area. The storage operations were shut down Oct. 13 and 50 employees and contract workers evacuated.
Wildfire Probe Looks at Closed SoCalGas Storage Field
One of the main Southern California wildfires blackening parts of northern Los Angeles County is suspected of being caused by a downed electric transmission line serving the Southern California Gas Co.’s largest underground storage facility in the area. The storage operations were shut down last Monday and 50 employees and contract workers evacuated (see Daily GPI, Oct. 16).
Transportation Notes
Tennessee reported identifying a leak on the North Odem 3A-100 lateral between Main Line Valve 3 and Station 9 near Odem, TX. The Morgan meter was required to shut in. Tennessee allowed shipper nominations there to remain in place for Friday’s gas day, but said nominations were being taken to zero in the Timely cycle for Saturday until further notice.