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Politics : High Tolerance Plasticity

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To: jim_p who wrote (6948)	8/24/2001 2:49:03 PM
From: Raymond Duray	Read Replies (1) of 23153

Re: AGA's spokesman explains the NG storage figure revision Hi jim, The questions that McGill's comments raise for me are: 1) Who are the members of AGA who provide the data that is used in the weekly storage releases? McGill states that he is protecting their anonymity. I find this lack of transparency to be a troubling trend in the energy patch. Cf. California's electrical market where even the State feels compelled to keep the public in the dark, figuratively speaking, as it struggles to keep the lights on. 2) Are these AGA members also engaged in trading desk activities? If so, there is a glaring conflict of interest, with the deliberate misrepresentation of gas data being an extremely useful tool to move the forwards markets. 3) Who has oversight over the gaming of AGA numbers, should this in fact be what is going on? The CFTC would be my most likely guess. And if ever there was a toothless wonder of a regulatory agency, this one would get my vote. Only FERC comes close to the same level of knavery to industry. Any comments welcomed! Best, Ray

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