For producers last week, the jury was still out on how the Obama administration's legislative package to tightly regu-latethe$500trillionover-the-counter(OTC)derivativesmarket would impact them, but there was some cautious relief. The 115-page legislative proposal, which the Treasury Department sent to Capitol Hill last Tuesday, "seems to be targeting...dealers rather than end-users," such as oil and gas producers, in the OTC derivatives market, said Lee Fuller, vice president of government relations for the Independent
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