Surging New England Energy Prices: No Surprise
Consumers paid record high energy bills last winter.
Consumers paid record high energy bills last winter.
Vineyard Wind 1 Project off the coast of Massachusetts, one of the crown jewels in the Biden administration’s plans to blanket the East Coast with offshore wind farms, could wreck the region’s commercial fishing industry and is now facing a serious legal challenge from – Texas.
Why are New England states paying more for natural gas than surrounding states (sometimes a LOT more) when the Marcellus and Utica Shale plays are nearby? WATCH NOW
There is no evidence that restrictions on New England usage will have a measurable effect on world demand for natural gas, or the slightest effect on global temperatures. But misguided government energy policies will raise prices for New England residents.
If America’s energy dominance and its benefits to our economy are to continue, steps must be taken to enhance our pipeline infrastructure.
"The New England electricity market will rapidly worsen, requiring further out-of-market actions to adequately compensate generators in order to preserve grid reliability... State subsidies will beget reliability subsidies, driving consumer costs ever higher and doing away with future market-based investments for new or existing power generation."
Republican Sen. Robert Ortt of New York criticized the state’s Democratic Gov. Andrew Cuomo Wednesday for unambiguously opposing natural gas production while citizens contend with rolling blackouts and expensive energy prices.
New England fishermen aren’t very happy about losing fisheries worth $50 million to their bottom-line.