Deregulation and natural gas trade relationships: lessons from the Alberta-California experience
In 1978 the US government moved to deregulate the American natural gas industry. The market changes that resulted from this initial step took time to ripple their way out to regional and subnational gas trading relationships. This ripple effect required subnational governments (state and provincial regulators) to rethink their gas regulatory policies. This article examines the restructuring of the Alberta-California gas trade. It explores how changes in US policy forced California and Alberta regulators to recast their policies. It concludes with several lessons that can be drawn from this case about the complex challenge of restructuring international gas trading relationships.
Price interactions and discovery among natural gas spot markets in North America
Recent advances in modeling causal flows with time series analysis are used to study relationships among eight North American natural gas spot market prices. Results indicate that the Canadian and US natural gas market is a single highly integrated market. Further results indicate that price discovery tends to reflect both regions of excess demand and supply. Across North America, Malin Hub in Oregon, Chicago Hub, Illinois, Waha, Texas, and Henry Hub, Louisiana region, are the most important markets for price discovery. Opal Hub in Wyoming is an information sink in contemporaneous time, receiving price information but passing on no price information. AECO Hub in Alberta, Canada, receives price signals from several markets and passes on information to Opal and the Oklahoma region.
Performance Evaluation of Fuzzy Routing Algorithms for a New Fuzzy Mixed Metric Approach
Optimizing routing decisions has been an important subject in research of communication networks. The present paper is introducing a new fuzzy mixed metric approach, which takes routing decisions based on fuzzy costs in parallel to crisp cost of other metrics. The present paper evaluates the new fuzzy approach for its performance. The paper first describes the new fuzzy approach and the fuzzy routing algorithms developed for the approach and then the performance is evaluated both in empirical and analytical terms to show its advantages over the previous fuzzy approaches and traditional link- state routing approach. The paper analyzes the performance for different cases to show the efficacy of load on delay. The present paper bargains with three such cases.