On Friday and Monday the cash market had a fair amount of higher points mixed into an overall falling trend. But continuing weak fundamentals finally united the entire market in southward movement Tuesday, although just barely in one or two cases.
Unites
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Industry Unites to Oppose EDI Rule
The Federal Energy Regulatory Commission has succeeded incontriving an order (No. 587-G) that the natural gas industryalmost universally opposes, which is not that rare. What is rare,however, is the unanimity among pipelines, distributors, producersand end users on what is wrong with the Commission’s mandate thatall pipeline transactions be conducted over the Internet byelectronic data interchange (EDI) by June 1, 1999.
May 21, 1998
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