Rumor

McDonald Denies Rumor NGSA is Being Disbanded

The role the Natural Gas Supply Association “provides is unique,and our members haven’t given us any indication that they areanything but pleased,” said Rebecca McDonald, this year’s chair ofthe organization and the future senior vice president of global gasmarketing for BP-Amoco. McDonald was questioned by NGI aboutpersistent rumors that NGSA, which originally was created topromote the decontrol of natural gas, would be disbanded and itsfunctions rolled into the American Petroleum Institute. McDonaldsaid the two organizations address very different issues, with APIfocusing on upstream oil and gas and NGSA involved mainly indownstream activities. “NGSA has done a good job with a difficulttask.”

October 12, 1998

Storm, Storage has Futures in Volatile Pattern

For the second Wednesday in a row, ebbing concerns of tropicalstorms and a “buy the rumor, sell the event” mentality has put themarket under selling pressure. In the wake of Hurricane Earl lastweek the October contract sank 13.4 cents. This Wednesday, themarket was already in the process of giving back some of Tuesday’sgains even before Tropical Depression number 6 became TropicalStorm Frances. That left the October contract down 4.1 cents tosettle at $1.833 yesterday.

September 10, 1998
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