Shell Energy chief: US financial reform bill could dislocate energy prices
The newly approved US financial reform bill will have unintended consequences, which include a dislocation between supply/demand fundamentals and energy prices in the longer term, says Mark Quartermain, president of Shell Energy North America (US)
"There is one major challenge above all others right here, right now," says Quartermain. "For the US and the rest of the world, the major issue is financial market reform. While we are delighted at many aspects of [the bill], as an orderly functioning market is very important to market players, there are unintended consequences of the financial reform bill that do cause us concern."
Last week, the US Senate approved an extensive overhaul of financial sector regulation by calling for the
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