April 27, 2024

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"New England in particular has suffered and is easily the highest priced gas and power market in the country, with respective rates of 45% and 55% higher than the national average. Natural gas is promoted as a way to reduce New England's over reliance on heating oil and oil-based power generation, the latter averaging a whopping 16.2 GWh/day in Winter 2014 (here). When gas demand rises in New England, a lack of pipelines means pricer LNG imports from as far away as Yemen. Remember that residential heating gets priority over gas needed for utilities.

The "Not in My Backyard" obstacle is very strong in the Northeast. One problem has been that the Northeast is a relatively new area of major gas production, so residents aren't used to the infrastructure required to produce more, unlike, say, Texans or Oklahomans. Moreover, the Northeast is generally more environmentally conscious (here) and has a higher population density, which makes it tougher to lay pipelines."-Forbes Oct '16

I think my point was NE is in dire straights due to a lack of infrastructure. US Natural Gas supplies have increased to the point of becoming a net exporter, to Europe. Natural Gas cost in the US spiked in '14, today it is 50% less, yet NE remains as one region where costs remain high due to supply and demand.

Going forward it will become a serious issue as demand increases, serious enough for our Governor to declare it a potential disaster. The gas feeds not only electric generators, but our homes. The rest of the US has electric rates that are about one half of ours. Perhaps that is the price we pay to live in Patriots Nation. But many, cannot afford the rates now, and further increases will be a true hardship.

Europe imports most of their natural gas, most of it comes from our boogeyman friend, Putin. Russia has the world's 15 largest GNP, however it is mostly gas and oil. Perhaps why he makes the EU a little nervous, and the reason for a take over of Crimea which sits on the Black Sea.

It is difficult for us to accept pipeline expansion simply because we have so little infrastructure now, and lack large tracks of open land. But I must caution you we have shut down two nuclear plants, and the greenies want the coal fired plants mothballed as well.

If Brayton Point does indeed shut down, we will be in a world of hurt for energy.

From: VOTE “NO!” to OPPOSE THE COMPRESSOR STATION

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