When it comes to the current and future state of energy dependence in the United States, the role of government matters, but needs to change, according to former U.S. Energy Secretary and New Mexico Governor Bill Richardson. In response to a question about natural gas today at CME Group’s Global Financial Leadership Conference, Richardson stated: [...]
Tag Archives: Energy
Putting Crude Oil Speculation into Perspective
March 9, 2011
Futures Magazine published an insightful article Tuesday in which Phil Flynn disagrees with the notion that speculators are to blame for the recent run-up in crude oil prices. Flynn sums it up nicely when he writes that blaming speculators “for the price of a commodity is like blaming a thermometer for the weather.” As is [...]
Have a Question for CME Group’s Top Execs?
February 14, 2011
CME Group Executive Chairman Terry Duffy and CEO Craig Donohue will be participating in a Financial Times Q&A session on the publication’s Energy Source blog this month. It’s a great forum for executives and policymakers to respond to readers’ questions, particularly in a sector of the economy that has several myths and rumors circulating. Editors [...]
Energy to Remain Political, Economic Driver
November 17, 2010
Last month I attended our annual Global Financial Leadership Conference. As I oversee the management of our global energy business I was most interested in what Pulitzer Price winner and energy analyst Daniel Yergin was going to discuss. Yergin, who received the Pulitzer Prize for his book ,“The Prize: The Epic Quest for Oil, Money [...]
Food Versus Fuel – A Discussion from the GFLC
October 26, 2010
Using arable land for biofuels was hotly debated at the Global Financial Leadership Conference’s second day, as experts with experience at the World Bank, Shell Oil and Bunge discussed the merits of biofuels from food crops. Ian Goldin, formerly Vice President of the World Bank and now Director of Oxford University’s Oxford Martin School did [...]
Position Limits – It’s All in the Details
October 12, 2010
Last week I participated in a panel discussion regarding position limits at the FIA Energy Forum in New York. Like many companies involved in financial markets, CME Group is engaging in ongoing dialogue with the CFTC as rulemaking regarding position limits is underway. And, also like many others, we see that the details of the [...]
Our Views on Energy Position Limits
April 27, 2010
I, along with many others, have been talking for some time about the CFTC’s position limits proposal and the issues that it raises for the energy market. On Monday, CME Group submitted our 45-page comment letter to the CFTC. Some key points to think about: There is no credible evidence that shows speculators are responsible for [...]