CFTC position limits: GFI's Cosgrove

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Michael Cosgrove, managing director, strategic initiatives in commodities and energy, GFI Energy North America, was part of the panel discussing the Dodd-Frank Act's implications for energy sector firms at the Energy Risk USA 2011 conference in Houston.

Afterwards he spoke to Energy Risk's Ned Molloy in more depth. He argued that the CFTC's proposals on position limits will be counterproductive and will establish a bullish bias in natural gas. Real-time reporting is an opportunistic add-on to fi