We’ve seen Texas gas go over to Europe, which has then created a supply issue locally in the state of Texas,” said Cory Kuchinsky, chief financial officer and treasurer for CPS Energy, San Antonio’s municipal utility that provides energy to more than 1 million customers. “Our customers feel the real-time impact of changing fuel costs.”
“Capturing short-term export profits is not the government’s priority, maintaining ample supplies at home and containing domestic inflation is,” said a Beijing-based trading executive.
Exports are driving up American energy costs. How much of this is acceptable? Should current policy be amended?
The Chinese are slowing their exports with an apparent goal of ensuring a stable domestic supply and reducing inflation. Is that a smart move?
Sounds like opening pipelines, dropping regulations and drill baby drill to me. Hire new people to make those decisions that aren’t invested in killing our energy production.
Dropping regulations will give oil and gas a competitive advantage against alternatives. Doesn’t that leave us more exposed the next time this happens?
If more of your electricty came from natural gas or coal this month, would your electric bill be higher or lower than it is now?
Mine would be higher.
Prices are going up for Texans primarily because gas prices have gone up. And that’s usually what dictates the market for our electricity in this state. That’s the largest amount of cost,” said Michele Richmond, the executive director of Texas Competitive Power Advocates.”
Europeans recognize that they’re in this situation because they didn’t hustle enough on alternative energy.
Habeck accused the southern state and manufacturing hub, which depends on gas-fired power plants and has few coal-fired plants, of possibly contributing to problems by failing build up wind power production and improve the network.
Bavaria, the state he’s talking about, is a good example of this failure. They bet on fossil fuels and resisted alternatives.
[Bavarian Premier Markus Söder] also thinks more wind energy is a great idea — up north, not among Bavaria’s rolling hills — and recently suggested Germany look into fracking to secure more gas, specifically in Lower Saxony, a safe distance from Munich.
Germany’s north isn’t amused.
“Have you lost it?” responded Lower Saxony’s Premier Stefan Weil. “Dear Markus Söder, how about wind power in Bavaria?”
Olaf Lies, Weil’s environment minister, doubled down in a lengthy statement. Söder, “king of the NIMBYs,” was “harvesting the fruits of his own energy policy failure … and they taste bitter,” he said.
If this is a crisis, then perhaps some of that free money going to pay off select peoples debts could better be used to offset peoples gas prices this winter. Or perhaps if Europe covered more of those payments we make to Ukraine that could free up some money.
Heating homes sounds more like a crisis than having to pay off school debts, to me. Perhaps someone has their priorities mixed up.
Are Europeans “wrong”? Maybe shipping it to the New York, Mass. and New Jersey could reduce gas prices for people in the states that produce the gas. Northeasterners don’t seem to favor those red states and the opinions of the deplorable. Perhaps those people in the NE are the wrong people too.
And we could get rid of some of those pipelines they don’t like.
“Our” oil and gas.
Who is “our”?
How much natural gas comes from NY, Mass, NJ?
They just use it…and now some of them want to complain about gas going to Europe?
As far as Texas, I get more political conflict coming out of the North East than Europe. Not sure which I had rather have “our” natural gas.
Oil and gas harm our environment and cause Global warming, Pollution, Climate change. Everyone switch to electric cars or walk. No petroleum products, go naked
First son, Hunter, can carry Daddy’s legacy. Hunter for President.
It may be suggested in jest right now, but just for the sake of national security, federal leases and a whole pile of regulations around mineral and surface rights should probably be re-worded to prevent shenanigans like this in the future.
