Uncleared margin rules threaten E&P hedging
Pushed to the margins
Oil and gas exploration and production (E&P) firms face a dizzying range of challenges, including hurricanes, oil spills, collapses in energy prices and expropriations of their assets by foreign governments. Now, the firms have a new danger to worry about: the US Dodd-Frank Act.
Buried in the hundreds of pages of Dodd-Frank regulations are several provisions that have sparked alarm among E&P companies, which fear the law will limit their ability to hedge commodity price risk. In particular
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