US financial overhaul, BP oil spill, augur huge changes for energy markets: Vincent Kaminski

The energy markets still face an unprecedented level of regulatory risk over the next year, as impending changes to the US financial system loom, while at the same time, BP’s Gulf of Mexico oil spill has presented major operational risk factors for the crude oil markets

"We are still facing an unprecedented level of regulatory risk," says Vincent Kaminski, professor at Houston-based Rice University's Jesse H. Jones Graduate School of Management at Energy Risk's 14th Annual USA conference in Houston. "The US congress is currently working on the major overhaul of the US financial system. Over the next four to five weeks, once the reconciliation process is completed