US Treasury sends derivatives proposal to Congress

08/17/2009
The US Department of the Treasury sent legislative language to Congress on Aug. 11 that would institute regulation of all over-the-counter derivatives.The proposal targets widely used, yet largely unregulated, credit default swaps and other OTC derivatives. Several federal lawmakers have suggested that speculators used these unregulated instruments to take major commodity positions and push crude oil prices to record peaks in 2008's first half. Independent oil and gas producers and others that take commodity positions as price hedges have warned that too much regulation could harm their operations.In its announcement, Treasury said, "The legislation will provide for regulation and tr...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected