TULSA, Okla., Oct. 1, 2001 – Williams has launched its newest companion to EnergyNewsLive.com, the Williams uE web site.
The Williams uE is the first cross-commodity index for both the spot and future price of energy. Like the Dow Jones for the equity markets, the uE is the equivalent benchmark for the overall price of energy.
It measures the price average of eight individual commodities that make up 83 percent of the nation’s energy use: electricity, natural gas, unleaded gasoline, heating oil, ethane, propane, residual fuel and jet fuel.
The site includes sophisticated information for pricing trends, the national spot uE, the forward uE, the regional uE, commodity quotes, and daily, weekly and monthly commentary. Included on the site is EnergyPulse featuring renowned energy economist Dr. Dennis O’Brien. EnergyPulse airs every Friday on EnergyNewsLive.com, providing in-depth analysis of trends in energy pricing and the impact the economy has on energy. The broadcasts will be archived on the uE site. This information becomes increasingly important in the months ahead as the uE is reflective of larger economic trends.
The Williams uE was introduced on Oct. 23, 2000, with the debut of EnergyNewsLive.com. Williams has thoroughly tested and refined the uE for the company’s own market activity and the model has been reviewed by the Energy Information Administration. The site’s URL is: http://www.williams-ue.com .
Dennis O’Brien is a widely recognized leader in the international energy industry. He provides weekly commentary on fuels prices and energy markets to several media outlets and is frequently quoted by the local, national, and international press. In addition he is speaker on many national and international symposia and conferences