Why energy futures markets merit support amid latest controversy

Edward N. Krapels Energy Security Analysis Inc. Washington, D.C. Non-commercials' net long position vs. nymex crude prices [32170 bytes] Correlations between net long (short) positions of noncommercials and Nymex fuels prices [27521 bytes] On Oct. 18, 1996, U.S. Energy Sec. Hazel O'Leary met with the senior executives of major oil companies to talk about the price of heating oil.

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