Elections Have Consequenses
October 2, 2015 10 Comments
Why? Quite simply because we like fracking, and gas pipelines, and you don’t. From the Wall Street Journal.
Natural gas is so abundant in much of the U.S. that producers want to export it overseas. But in New England, gas is so hard to get that companies are importing it from as far away as Yemen.
Natural gas is so abundant and cheap in much of the U.S. that producers want to export it overseas. Except in New England, where gas is so hard to get that companies are importing it from as far away as Yemen.
The U.S. shale boom that has produced a glut of gas—and helped lower many Americans’ home heating bills—has largely bypassed the energy-starved New England. Few pipelines are available to ferry gas from Pennsylvania and Ohio to Connecticut and Maine, and new lines proposed in the region won’t go into service until 2018, or later.
Gas plants currently supply 44% of New England’s electricity, up from just 18% in 2000. Consumers and businesses are also swapping their old furnaces that burn heating oil for newer models that run on gas.
So as the weather cools, problems loom.
When brutal cold hits this winter, energy prices will soar. In Massachusetts, the residential gas price was $14 per thousand cubic feet last January, more than 50% above the national average, according to the U.S. Energy Department. At nearly 21 cents a kilowatt-hour, average first-quarter home electricity prices in New England were two-thirds higher than the U.S. average, federal data show.
Oh, and it’s supposed to be snowier and colder than normal this year, so you can’t even count on global warming to keep your butt warm.