Beware the Ides of March

摘要

Despite more than 30 years of deregulation efforts, energy continues to be one of the most regulated industries in the country. Even energy trading, which grew outside the shadow of energy regulation as a competitive activity, is increasingly falling under this regulatory rubric. For companies such as hedge funds that have operated largely outside the confines of most regulatory risk, beware. The tides of regulation are turning against you.