US DOE deems North American energy market integration crucial

The Sept. 11 terrorist attacks on the US further underscore the need for integration of North American energy markets and a "seamless" border, says a senior US energy official.Vicky Bailey, an assistant secretary of energy, said open and smoothly functioning markets are essential in the face of the uncertainties of the war against terrorism.Bailey told a Ziff Energy Group conference in Calgary last week that potentially tight oil, natural gas, and electricity markets and the onset of the winter heating season make continental cooperation even more imperative.She said the US and Canada are moving toward a seamless and transparent trading relationship, where borders are being virtually elim...

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