Excessive speculation in the natural gas market (Day 2)

Mon, 09 Jul 2007 18:30:00 GMT

On Monday, July 9th at 2:30 p.m. in SD-342, the Permanent Subcommittee on Investigations will hold the second day of hearings on Excessive Speculation In The Natural Gas Market. (The first hearing was held Monday, June 25th, at which the Subcommittee released a Staff Report on the Subcommittee investigation and received testimony from natural gas users, academics, and a former natural gas trader at Amaranth. A witness list for the June 25th hearing is available at the June 25th hearing website.) The Subcommittee July 9th hearing will continue to examine the reasons for the extreme price levels and volatility in the natural gas futures markets in 2006 and how excessive speculation by a single hedge fund, Amaranth LLC, dominated the natural gas market and distorted natural gas futures prices. The hearing also will examine the extent to which excessive speculative trading on unregulated energy exchanges contributed to the price distortions, and the need for statutory and regulatory changes to prevent manipulation and excessive speculation from detrimentally affecting energy prices.

  • Senate Homeland Security and Governmental Affairs Committee
    Investigations Subcommittee 342 Dirksen
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Extinction is Not a Sustainable Water Policy: The Bay-Delta Crisis and the Implications for California Water Management

Mon, 02 Jul 2007 13:00:00 GMT

The House Natural Resources Committee, Subcommittee on Water and Power, led by Rep. Grace F. Napolitano (D-CA), will hold an oversight field hearing on “Extinction is Not a Sustainable Water Policy: The Bay-Delta Crisis and the Implications for California Water Management.” Witnesses: TBA

  • House Natural Resources Committee
    Water and Power Subcommittee
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Global warming issues in the power plant sector

Thu, 28 Jun 2007 14:00:00 GMT

  • Senate Environment and Public Works Committee 406 Dirksen
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NASA's Earth Science and Applications Programs: Fiscal Year 2008 Budget Request and Issues

Thu, 28 Jun 2007 14:00:00 GMT

:: Witness Statements :: Dr. Michael H. Freilich Dr. Richard A. Anthes Dr. Eric J. Barron Dr. Timothy W. Foresman

  • House Science, Space, and Technology Committee
    Space Subcommittee 2318 Rayburn
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The Minerals Management Service's Proposed 2007-2012 Program for Oil and Gas Leasing on the Outer Continental Shelf

Thu, 28 Jun 2007 14:00:00 GMT

The House Natural Resources Committee, Subcommittee on Energy and Mineral Resources, led by Rep. Jim Costa (D-CA), will hold an oversight hearing on “The Minerals Management Service’s Proposed 2007–2012 Program for Oil and Gas Leasing on the Outer Continental Shelf.” Witnesses: TBA The hearing will be webcast live on the Committee’s web site at http://resourcescommittee.house.gov.

  • House Natural Resources Committee
    Energy and Mineral Resources Subcommittee 1324 Longworth
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Energy Efficiency and Conservation Markup

Wed, 27 Jun 2007 14:00:00 GMT

The Energy and Air Quality Subcommittee marked up the draft measures June 20. Agenda 1. Committee Print to promote energy efficiency 2. Committee Print to facilitate the transition to a smart grid 3. Committee Print regarding Department of Energy EPAct Loan Guarantees 4. Committee Print to promote renewable-fuel infrastructure 5. Committee Print to promote advanced battery and plug-in hybrid technologies 6. Committee Print to enhance Energy Information Administration (EIA) data collection.

Biofuels, Solar Energy, Carbon Capture and Global Change Markup

Wed, 27 Jun 2007 14:00:00 GMT

HR 906 — Global Change Research and Data Management Act of 2007 HR 1933 — Department of Energy Carbon Capture and Storage Research, Development and Demonstration Act of 2007 HR 2773 — Biofuels Research and Development Enhancement Act HR 2774 — Solar Energy Research and Advancement Act of 2007

  • House Science, Space, and Technology Committee 2318 Rayburn
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Business meeting to markup proposed legislation making appropriations for Energy and Water Development for the fiscal year ending September 30, 2008

Tue, 26 Jun 2007 19:00:00 GMT

  • Senate Appropriations Committee
    Energy and Water Development Subcommittee 192 Dirksen
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