There was near-unanimity last week at the Commodity Futures Trading Commission (CFTC) hearings on one point — that position limits are needed to to curb excessive speculation in energy commodity markets. But the consensus unraveled when it came to the details — who should set position limits, who should be exempted from the limits and at what level the position limits ought to be set.
Unanimity
Articles from Unanimity
Stunner: Dems Accept GOP Climate Change Amendment
In a rare display of unanimity Wednesday, Democrats on the House Energy and Commerce Committee accepted a Republican amendment to the climate change bill (HR 2454) that would promote the use of natural gas.
CPUC Supports Running Cable, Fiber Optic in Gas Distribution Lines
In a rare show of unanimity, the five members of the California Public Utility Commission (CPUC) agreed on two different natural gas requests from Sempra Energy’s two utilities — Southern California Gas Co. and San Diego Gas and Electric Co. (SDG&E). One action clarifies an inherited supply contract tied to a state bulk power contract, and the other item opens the utilities’ gas distribution pipes to cable/telecom operators.
CPUC Clarifies, Supports Natural Gas Moves Forward
In a rare show of unanimity, California’s five energy regulators agreed on two different natural gas requests from Sempra Energy’s two utilities — Southern California Gas Co. and San Diego Gas and Electric Co.
Producers Seek Stay of Order 637’s Price-Cap Waiver
In a rare display of unanimity, major and independent gasproducers last week joined forces to ask FERC to stay the removalof the price caps on short-term capacity release transactions untilOrder 637 undergoes full rehearing at the Commission and in thecourts. The price caps are due to be lifted on March 26.
Gas Industry Itemizes Obstacles to a 30 Tcf Market
In a rare display of unanimity, pipelines and producers lastweek said the federal government’s ban on oil and gas production ona wide swath of public lands – both onshore and offshore – was thebiggest obstacle to supplying the 30 Tcf of gas needed to meet theClinton administration’s proposed global-warming targets.
Gas Industry Itemizes Obstacles to a 30 Tcf Market
In a rare display of unanimity, pipelines and producersyesterday said the federal government’s ban on oil and gasproduction on a wide swath of public lands – both onshore andoffshore – was the biggest obstacle to supplying the 30 Tcf of gasneeded to meet the Clinton administration’s proposed global-warmingtargets.