Energy companies face up to clearing requirements

craig-pirrong

Energy, as any high school science student can tell you, cannot be created or destroyed – it can only be converted from one form to another. Dealers are now anxious that financial reform legislation on the cusp of being passed in the US Congress has the potential to convert a dynamic energy derivatives market into a far more inert one.

The congressional conference committee appointed to reconcile two financial reform bills passed by the House of Representatives last December and the Senate in Ma

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