Energy Market Manipulation: Definition, Diagnosis, and Deterrence

By Stephen Craig Pirrong on March 17, 2011

In Energy Market Manipulation: Definition, Diagnosis, and Deterrence (Energy Law Journal, Vol. 31, No. 1, 2010), Dr. Craig Pirrong, Director at Global Economics Group, focuses on the shortcoming of existing laws addressing energy market manipulation, namely that existing laws only address fraud-based manipulation and are ill-suited to address market power manipulation. Dr. Pirrong suggests that both types of market manipulation must be uniquely addressed following an economics-based approach and to draft laws specific to each type of manipulation. Energy Market Manipulation: Definition, Diagnosis, and Deterrence