California’s Occidental Petroleum Corp. (Oxy) is eyeing 7 billion bbl of reserves from the Monterey Shale and other projects in the state, the management team said Tuesday.
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Legislation Would Set Trading Limits on Gas Futures, Impose New Position Reporting
Reps. Sam Graves (R-MO) and John Barrow (D-GA) have introduced legislation to “bring some stability, predictability and reliability” back into the natural gas market by, among other things, imposing tighter daily gas futures trading limits and setting new futures position reporting requirements. The congressmen claim that recent gas price spikes are a result of increased speculative trading that must be reined in.
April 18, 2005
Legislation Would Set Trading Limits on Gas Futures, Impose New Position Reporting
Reps. Sam Graves (R-MO) and John Barrow (D-GA) have introduced legislation to “bring some stability, predictability and reliability” back into the natural gas market by, among other things, imposing tighter daily gas futures trading limits and setting new futures position reporting requirements. The congressmen claim that recent gas price spikes are a result of increased speculative trading that must be reined in.
April 15, 2005
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