Volcker Rule’s Impact on Energy Industry Discussed on CMC’s Policy Call

Earlier this week, Kurt Barrow of the consulting firm Purvin & Gertz discussed how the Volcker Rule, which is generally thought of as a rule pertaining to banks, would impact the energy and commodities space.  The primary concern is that it would limit access to capital, thereby restricting hedging activity. A report authored by Kurt and his colleagues suggests that the effects could be as adverse as shutting down oil refineries, resulting in a loss of many thousands of jobs.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: