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Natural gas and the Enron loophole

Sunday, July 8th, 2007

Should the natural gas market be subjected to stricter rules. The implosion of the hedge fund Amaranth has drawn attention to a little-known loophole created by Enron when it successfully lobbied the US government to deregulate trading by energy exchanges. And the problem will get worse with carbon shaping up as the world’s biggest commodity market.

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