Editor's letter: More effort required

More effort required

Mark Pengelly - Energy Risk

“Good government should take a measured, well-thought out approach to developing a new regulatory regime.” Not the words of Thomas Jefferson, but Scott O’Malia, a Washington, DC-based commissioner at the US Commodity Futures Trading Commission (CFTC). It’s a statement that many energy market participants will undoubtedly agree with – and the contrast with the CFTC’s recent blundering is stark.

On September 28, the agency was forced into an embarrassing retreat on its position limits rule, which

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