Sen. Tom Harkin (D-IA) last Tuesday questioned the effectiveness of self-regulatory watchdog groups, such as the National Futures Association (NFA), as the “first line of defense” against market abuse following the disclosure that Iowa-based Peregrine Financial Group (PFG) and its founder Russell Wasendorf Sr. allegedly defrauded customers of more than $200 million.
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EVs vs. NGVs: Price Volatility Questioned
Citing a 2010 Massachusetts Institute of Technology’s (MIT) natural gas study, Sen. Al Franken (D-MN) on Tuesday questioned the efficiency of using natural gas supplies to produce electricity to power electric vehicles (EV), rather than pushing natural gas vehicles (NGV) as competitors to EVs.
Senator: Peregrine Raises Questions About Self-Regulatory Groups
Sen. Tom Harkin (D-IA) Tuesday questioned the effectiveness of self-regulatory watchdog groups, such as the National Futures Association (NFA), as the “first line of defense” against market abuse following the disclosure that Iowa-based Peregrine Financial Group (PFG) and its founder Russell Wasendorf Sr. allegedly defrauded customers of more than $200 million.
Hastings Faults Interior’s Probe of Moratorium Report
Rep. Doc Hastings (R-WA), chairman of the House Natural Resources Committee, last week questioned whether the Interior Department Office of Inspector General’s (OIG) investigation of a report that led to the six-month moratorium on Gulf of Mexico deepwater drilling was conducted independently.
EPA Wades Deeper Into Dimock, PA, Well Water Dispute
The U.S. Environmental Protection Agency (EPA) will perform water sampling at about 61 homes in Dimock — the small Susquehanna County, PA, township where some state officials believe hydraulic fracturing (fracking) may have contaminated water wells — “to further assess whether any residents are being exposed to hazardous substances that cause health concerns,” EPA said.
Congress Urged to Give CFTC More Time to Implement Derivatives Rules
Exchange representatives and end-users Thursday called on Congress to give the Commodity Future Trading Commission (CFTC) more time — beyond the current July deadline — to implement final rules for the multi-trillion dollar derivatives market in the United States.
Former New York DEC Chief to Counsel Conservation Group
The former chief of the New York Department of Environmental Conservation (DEC), who was ousted in October by Gov. David Paterson, has joined an environmental conservation group that has questioned the state’s ability to regulate shale gas extraction.
Columbia Cites Flaws in WGL Plan to Isolate System from LNG
Columbia Gas Transmission has questioned Washington Gas Light’s (WGL) proposal that casts the pipeline in a leading role in the utility’s efforts to prevent further coupling leaks on its system, which WGL blames on regasified liquefied natural gas (LNG).
Columbia Cites Flaws in WGL Plan to Isolate System from LNG
Columbia Gas Transmission Wednesday questioned Washington Gas Light’s (WGL) proposal that casts the pipeline in a leading role in the utility’s efforts to prevent further coupling leaks on its system, which WGL blames on regasified liquefied natural gas (LNG).
NorthernStar, Oregon Governor Again Spar over LNG
NorthernStar Natural Gas Co. Feb. 15 responded to a letter by Oregon Gov. Ted Kulongoski to FERC that questioned the credibility and soundness of the federal review process for NorthernStar’s proposed Bradwood Landing liquefied natural gas (LNG) terminal along the Columbia River.