The great gas price divide

Natural Gas

The New York Mercantile Exchange (Nymex) celebrated the two-millionth clearedHenry Hub natural gas swap futures contract last month. But, with prices stillas volatile as anyone can remember, one industry association urged the US CommodityFutures Trading Commission (CFTC) to “urgently review the rules governinghow the Nymex natural gas contact is traded and make necessary changes to protectconsumers”.

The Industrial Energy Consumers of America (IECA) wrote to the CFTC complainingthat Nymex’s

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