Who in the HELL keeps blocking US energy corporations from building and opening pipelines?
The corporations are investing and pumping and investing and pumping
bringing the price down to all time lows, and someone keeps blocking their pipelines from being built so despite near-zero prices the US and Europe face a crisis of high-priced energy.
From the Article:
Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel.
Gas in an area of the vast Permian known as Waha traded for as little as 20 cents to 70 cents per million British thermal units on Monday, traders said. That compares with the US benchmark futures contract that’s trading around $5.20 and European prices close to $28.
Clearly there is plenty of Nat Gas (which can power cars trucks and bussers btw),
Clearly plenty has been invested in drilling and pumping natural gas.
But with inadequate pipelines and port facilities the Western World is facing a crisis of high natural gas prices.
Amazingly, both here and in Europe, folks are blaming high energy prices on anti-Russia sanctions. In France and Italy and elsewhere there are street protests demanding those countries leave NATO (because supposedly anti-Russia sanctions are to blame for high energy prices.)
Nonetheless according to the article
corporations are investing,
corporationa are producing
but somebody (Koch brothers preserving their monopoly??) is not allowing pipelines so the gas goes to waste and what does sell is NOT responsible for high energy prices.
According to the article
Supply is not the problem
Corporate investment is not the problem.
The problem is lack of pipelines.
Images of people protesting pipelines - and I’d be willing to bet a doughnut that most of those protests are over oil pipelines - doesn’t do much to support the notion that government is preventing corporations from building out the NG infrastructure.
