Troops

As those in favor and against financial market reform laws in the Congress were mustering their troops in Washington (moving in as the health care legions left town), some of those same forces also were weighing in on a separate regulatory action, a proposal by the Commodity Futures Trading Commission (CFTC) to install hard position limits on the futures markets for natural gas, oil and oil products (see Daily GPI, Jan. 15).

As those in favor and against financial market reform laws in the Congress were mustering their troops in Washington (moving in as the health care legions left town), some of those same forces also were weighing in on a separate regulatory action, a proposal by the Commodity Futures Trading Commission (CFTC) to install hard position limits on the futures markets for natural gas, oil and oil products (see Daily GPI, Jan. 15).

Just when you thought you could forget about Washington, DC for a while, the resources industry’s political representatives are rallying the troops for successive rounds in the public arena involving, among other things, putting holes in the offshore drilling moratorium, ensuring funding and implementation of oil and gas programs in the Energy Policy Act of 2005, and reforming two 30-year-old laws, the Endangered Species Act and the National Environmental Policy Act (NEPA).