Posted on 03/19/2014 7:18:22 PM PDT by SeekAndFind
New England's electric grid operator says a lack of pipelines is driving the price up for natural gas, and hiked wholesale electricity prices in the region by 55 percent last year.
ISO-New England said Tuesday that the average price of wholesale electric energy rose to $56.06 per megawatt hour, up from a historic low of $36.09 in 2012.
Natural gas is the predominant fuel used to generate the region's electricity, amounting to about 46 percent of generation in 2013. Wholesale power prices tend to track the price of natural gas.
(Excerpt) Read more at wtva.com ...
Couldn’t happen to a nicer bunch of blue states.
The ACORN/Obama resolution is it fine the energy company $1 billion then go golfing, shopping, or on vacation.
Because Liberal NIMBY’s are terrified , horrified and paralyzed by the concept of…GASP! Pipelines! Oh the humanity!
Problem is, we all suffer from these Moron’s premises.
Nuclear. CT gets about 50% of its power from Millstone. No reason other states can’t be the same. Build the planned 2nd Reactor at Seabrooke would be a good start.
How many pipelines is optimal ?
Prices will go way high if we start exporting natural gas to Ukraine. We’ll be the ones who pay for it. Just watch.
He was joking--a take-off on the stupid Geico radio ads.
It’s a fair question, answered by free markets where ever they’re tried.
HaHa!
Do you realize how many years it takes to build an LNG export terminal? And how little gas would move through them compared to the national consumption?
Do you understand how drastically natural gas drilling has fallen due to the production nearing the level of demand and little ability to export any surplus?
Local fracking would help in NY, but Andy Cuomo is too busy being a POS.
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