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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Tomas who wrote (72438)9/6/2000 2:26:02 PM
From: Tommaso  Read Replies (1) of 95453
 
Here is a possibly chilling thought in the midst of a hot natural gas rally, found in the HGT annual report:

" The interstate transportation and sale for resale of natural gas is subject
to federal regulation, including transportation rates charged, storage tariffs
and various other matters, by the Federal Energy Regulatory Commission.
Federal price controls on wellhead sales of domestic natural gas terminated on
January 1, 1993. While natural gas prices are currently unregulated, Congress
historically has been active in the area of natural gas regulation. It is
impossible to predict whether new legislation to regulate natural gas might be
proposed, what proposals, if any, might actually be enacted, and what effect,
if any, such proposals might have on the operations of the underlying
properties."

How likely is the govenrment to regulate? Will free market people speak up and point out that this would stifle exploration?
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