The New York Mercantile Exchange announcecl ,A late October 1989 that, at long last, natural gas futures trading will become available. (See Morgan and O'Reilly 's column
Lessons from december and the end user
โ Scribed by Grenier, Edward J.
- Publisher
- John Wiley and Sons
- Year
- 2008
- Weight
- 262 KB
- Volume
- 7
- Category
- Article
- ISSN
- 0743-5665
No coin nor oath required. For personal study only.
โฆ Synopsis
The story of December 1989the so-called hundredyear freezeis by now all too familiar. Christmas, the deepestfreezeinyears, andtimeoffforexperiencedpipeline personnel all combined to create near disaster conditions for the gas industry and those depending on it. Many experts opine that a few more days or perhaps a week more of the same would have led to widespread havoc. What did happen and what lessons are there for end users depending on the gas grid?
Unfortunately, no one has yet attempted to gather the facts and try to determine what really happened last December. The FERC is about to launch a questionnaire to the
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