Posted originally on the conservative tree house on November 4, 2022 | Sundance
During a speech today, Joe Biden bragged about the example of his visit to a Massachusetts coal-fired plant that was forced to close due to regulation. However, what Biden didn’t mention was the energy provider telling customers to expect a 64% increase in electricity rates effective November 1st.
BIDEN: …”I was just — and so we can accommodate that transition. I was in Massachusetts about a month ago on the site of the largest old coal plant in America. Guess what? It cost them too much money. They can’t count. No one is building new coal plants because they can’t rely on it, even if they have all the coal guaranteed for the rest of their existence of the plant. So it’s going to become a wind generation.
And all they’re doing is — it’s going to save them a hell of a lot of money, and they’re using the same transmission line that transmitted the coal-fired electric on. We’re going to be shutting these plants down all across America and having wind and solar.”… (link)
Massachusetts – […] National Grid said the monthly bill of a typical residential customer using 600 kilowatt-hours of electricity will increase from $179 last winter to about $293 this winter, an increase of about 64%. National Grid said the delivery portion of electric bills will basically remain flat.
“National Grid buys electricity on behalf of its customers from the wholesale power market through a regulatory approved process established 20 years ago. That process has served customers well over the years and provides flexibility for unforeseen events, like limited supplier response to solicitations. But things have fundamentally changed,” Helen Burt, the company’s chief customer officer, said in a statement. “Today, under a sustained, high market price environment, it is challenging to maintain affordable prices. Given that, we think it’s a good time to work with our regulators and other stakeholders to review the process and electricity supply dynamics in the region, with an eye toward reducing price volatility and maintaining a secure, reliable and resilient energy system for the future.”
The company also announced that its natural gas rates are expected to rise on Nov. 1. They said they have a pending proposal with the state Department of Public Utilities that would result in the monthly bill for an average Boston Gas residential heating customer using 115 therms per month of $278, an increase of $50, or 22%, compared to last winter’s rates.
Eversource did announce Wednesday that it has submitted a proposal to the Department of Public Utilities seeking to raise its natural gas rates. They said their average residential customer using 126 therms of gas a month would see an increase of about 38%, or $86 on their natural gas bill over last winter. Those rate increases would take effect Nov. 1. (read m0re)
Posted originally on the conservative tree house on November 1, 2022 | Sundance
Joe Biden does not write his tweets, that is certain. However, whoever is writing on his behalf sure has an odd way of promoting administration energy policy.
In a Tweet last night [link here] Joe Biden demands oil companies’ lower prices and increase production, or he will raise their taxes and increase regulation:
In essence, lower the prices and increase production or Joe Biden will increase the prices and lower production. How does this make sense?
This is one of the oldest methods to brainwash a population known to ancient history. The high priests had discovered the cycle of the heavens. They would pretend to turn the sun dark, for they managed to calculate the cycles when an eclipse would take place. They would call the people together and tell them what they will do, and they watched the moon block out the sun and believed that the high priest could control the heavens. Today, astrology really comes from the Babylonians who conducted a massive correlation study to predict the future.
There is a cycle to everything. The climate ALWAYS changes, and there are warming periods and cooling periods. These charlatans are no different than the Babylonian high priests pretending to block the sun with the moon on their command. Science was turned on its head after a discovery in 1772 near Vilui, Siberia, of an intact frozen woolly rhinoceros, which was followed by the more famous discovery of a frozen mammoth in 1787. You may be shocked, but these discoveries of frozen animals with grass still in their stomachs set in motion these two schools of thought since the evidence implied you could be eating lunch and suddenly find yourself frozen, only to be discovered by posterity.
The discovery of the woolly rhinoceros in 1772, and then frozen mammoths, sparked the imagination that things were not linear after all. These major discoveries truly contributed to the Age of Enlightenment, where there was a burst of knowledge erupting in every field of inquisition. Such finds of frozen mammoths in Siberia continue to this day. This has challenged theories on both sides of this debate to explain such catastrophic events. These frozen animals in Siberia suggest strange events are possible even in climates that are not that dissimilar from the casts of dead victims who were buried alive after the volcanic eruption of 79 AD at Pompeii in ancient Roman Italy. Animals can be grazing and then freeze abruptly. Climate change has been around for billions of years — long before man invented the combustion engine.
Even the field of geology began to create great debates that perhaps the earth simply burst into a catastrophic convulsion and, indeed, the planet was cyclical — not linear. This view of sequential destructive upheavals at irregular intervals or cycles emerged during the 1700s. This school of thought was perhaps best expressed by a forgotten contributor to the knowledge of mankind, George Hoggart Toulmin, in his rare 1785 book, “The Eternity of the World”:
” ••• convulsions and revolutions violent beyond our experience or conception, yet unequal to the destruction of the globe, or the whole of the human species, have both existed and will again exist ••• [terminating] ••• an astonishing succession of ages.”
Id./p3, 110
In 1832, Professor A. Bernhardi argued that the North Polar ice cap had extended into the plains of Germany. To support this theory, he pointed to the existence of huge boulders that have become known as “erratics,” which he suggested were pushed by the advancing ice. This was a shocking theory, for it was certainly a nonlinear view of natural history. Bernhardi was thinking out of the box. However, in natural science, people listen and review theories, unlike in social science, where theories are ignored if they challenge what people want to believe. In 1834, Johann von Charpentier (1786-1855) argued that there were deep grooves cut into the Alpine rock concluding, as did Karl Schimper, that they were caused by an advancing Ice Age.
This body of knowledge has been completely ignored by the global warming/climate change religious cult. They know nothing about nature or cycles, and they are completely ignorant of history or even that it was the discovery of these ancient creatures who froze with food in their mouths. They cannot explain these events nor the vast amount of knowledge written by people who actually did research instead of trying to cloak an agenda in pretend science.
Our model has projected we are entering another “grand minimum,” which will overtake the sun beginning in 2020 and will last through the 2050s, resulting in diminished magnetism, infrequent sunspot production, and less ultraviolet (UV) radiation reaching Earth. This all means we are facing a global cooling period on the planet that may span 31 to 43 years. The last grand-minimum event produced the mini-Ice Age in the mid-17th century. Known as the Maunder Minimum, it occurred between 1645 and 1715, during a longer span of time when parts of the world became so cold that the period was called the Little Ice Age, which lasted from about 1300 to 1850.
Most people have NEVER heard of the Beaufort Gyre, a massive wind-driven current in the Arctic Ocean that actually has far more influence over sea ice than anything we can throw into the atmosphere. The Beaufort Gyre has been regulating climate and sea ice formation for millennia. Recently, however, something has changed; it is not something that would create global warming but threatens a new Ice Age.
There is a normal cycle that appears to be about 5.4 years, where it reverses direction and spins counter-clockwise, expelling ice and freshwater into the eastern Arctic Ocean and the North Atlantic. The 5.4-year cycle is interesting for it is two pi cycle intervals of 8.6. The immediate cycle has suddenly expanded to two 8.6-year intervals, bringing it to 17.2 years as we head into 2022.
What you must understand is that this Beaufort Gyre now holds as much freshwater as all of the Great Lakes combined. Why is that important? Saltwater freezes at a lower temperature than the 32 degrees F at which freshwater freezes. The difference between the air temperature and the freezing point of saltwater is bigger than the difference between the air temperature and the freezing point of fresh water. This makes the ice with salt on it melt faster, which is why we salt the roads in an ice storm.
Now, think of the Beaufort Gyre as a carousel of ice and freshwater. Because it is now spinning both faster and in its usual clockwise direction, it has been collecting more and more freshwater from the three main sources:
Melting sea ice
Runoff from the Arctic Ocean from Russian and North American rivers
Lower saltwater coming in from the Bering Sea
Indeed, Yale has warned that this current could “Cool the Climate in Europe,” which is precisely what we are witnessing. Cyclically, the Beaufort Gyre will reverse direction, and when it does, the clear and present danger will be the natural expulsion of a massive amount of icy fresh water into the North Atlantic. Remember now, freshwater freezes faster than saltwater.
This is not a theory. We have previous records of reversals in this cycle of the Beaufort Gyre from the 1960s and 1970s, where there was a surge of fresh Arctic water released into the North Atlantic that resulted in the water freezing. There has been a lot of work done on this subject, which, of course, is ignored by the climate change agenda that only seeks to blame human activity. Nevertheless, AAAS, of which I am a member, states plainly:
“Arctic sea ice affects climate on seasonal to decadal time scales, and models suggest that sea ice is essential for longer anomalies such as the Little Ice Age.”
Socrates has been given just about every possible database I could find over the past 50 years. Because of the extended 17.2-year cycle in the Beaufort Gyre, the risk that a larger-than-normal expulsion of freshwater into the Atlantic can disrupt the Gulf Stream, which is the sole reason why Europe has been moderate in climate. But that has NOT always been the case. We know that the Barbarian invasions into Rome during the 3rd century were primarily driven by a colder climate in the north. The invasion of the Sea Peoples ended the Bronze Age, and those from the north migrated into the South, storming Mesopotamia and Northern Africa.
CLIMATE CHANGE IS REAL…
It is just not created by humans.
Perhaps we are now at the tipping point, and they cannot keep saying that the extremely cold winter is also caused by CO2 and global warming. The collapse of the gulf stream has nothing to do with CO2. This may result in a major confrontation that these people have been seriously wrong and what they are doing to the economy in trying to shut down fossil fuels at this point in time could result in tens of millions of deaths if the gulf stream collapses.
COMMENT: Dear Mr. Armstrong, As always, thank you so much for your incredible insight to what is happening in the world. You are the first news source I read in the morning because I know your site is always two steps ahead of everyone else! I wished to ask you about something you often reference: that many of these globalists are trying to destroy fossil fuels for “climate change”.
However, going by their actual behavior, it seems that they don’t *genuinely* believe in climate change, otherwise they wouldn’t be flying around in private jets, owning ocean-front property, or creating more carbon emissions than many small countries. Do you think they actually believe the earth is in danger or are they trying to force the majority of humanity back into a third world state because without the ability to travel, or heat/cool homes, communicate with one another, or have access to clean water, meat and nutritious food, etc., we not only will lose much of the population to sickness and starvation, but those who are left would become much more dependent on the state (them) and therefore easier to control?
Depopulation and crushing humanity into a smaller, weaker, more controllable feudal-system peasantry seems more like the actual reason for destroying fossil fuels, food security, and private ownership, with “climate change” merely being their flimsy excuse to do so. Do you think any of those pulling the strings on all this really believes what they’re saying about climate change?
ED
REPLY: The elite could care less about climate change. They know it is laughable. Even John McCain was pushing it only because it was to hurt Russia cutting off its resources and he was pushing nuclear energy to replace fossil fuels only as a strategic chess move against Russia – his eternal enemy.
These ELITE people do not care about the climate. They all travel to Davos in private jets. Al Gore and UN Secretary-General Antonio Guterres at Davos in 2019 told delegates that humanity is “losing the race” against climate change. Al Gore conspires with Greenpeace and used Greta for their publicity stunts. I would say he is a believer, but do not count on his intelligence. He has never questioned the limited data.
The Elite have used climate change as the spearhead for the Great Reset, which is all about coming up with propaganda to cover up the Sovereign Debt default. Trust me. Many at the top are laughing their ass off at how they have sold this nonsense to people who just eat it up. John McCain was preaching nuclear energy back in the 2008 election to end dependency on foreign oil purely for military purposes – not the environment. They have brainwashed many and they just repeat the nonsense without the slightest investigation on their own. Oh, there is a drought, and skeletons are now revealed in Hoover Dam so that is proof of climate change! But they fail to take the next step and ask if that has that taken place before. There are natural cycles to climate so it always changes.
The Elite used Greta, and once they managed to get the press selling their BS and believing this changed the planet, they discarded her. They use people to achieve their goals and that is all this war is really about. To destroy the economy of Russia. Occupy the country and end fossil fuels so that Russia will be reduced to a vassal state. They have not probably reduced the population by 50% ANYHOW. The real powers do not care about Climate Change. They know this is all nonsense.
The climate change zealots have found a new scapegoat to blame for changes in the weather – the family pet. CNN has dubbed the term “carbon pawprint” and is urging owners to switch their pets over to insect-based diets or lab-grown meat and reconsider future animal adoptions.
There was a 2017 study entitled “Environmental Impacts of Food Consumption by Dogs and Cats” that claims pets are responsible for global warming. “Dog and cat animal product consumption is responsible for release of up to 64 ± 16 million tons CO2-equivalent methane and nitrous oxide, two powerful greenhouse gasses (GHGs),” the study cited. The author suggests “reducing the rate of dog and cat ownership” in favor of smaller rodents or reptiles. If someone must have a dog, they claim it is better to adopt a small breed as it eats less.
“As calculated, US dogs and cats consume as much dietary energy as ~62 million Americans, which is approximately one-fifth of the US population. Although there are fewer dogs and cats in the US than people, they derive more of their energy from animal-derived products (33% ± 6% vs. 19% for people). Thus, if pets’ consumption was included in calculations, the US would be equivalent to a country of ~ 380 million in terms of raw dietary energy consumed and a country of about 690 million in terms of animal-derived energy consumed.”
The study glosses over the fact that many animals eat meat that is not safe for human consumption and would be otherwise thrown away. The study makes numerous mentions of the mental health benefits that pet ownership provides, but still concludes that reducing the number of pets in our society is for the greater good.
I am certain that those flying in their private jets to Davos are creating a larger carbon imprint. Around 100 companies are responsible for 71% of global emissions, but the average person must always be forced to change their ways. I do not put it past the extreme leftists to implement taxes on pet ownership.
As senior U.S. military officers deployed to NATO’s front line against Russia on the border with Ukraine have boasted that they are ready to join the fight. This provoked a response from Russia’s ambassador to the United States told Newsweek that such a move would bring about catastrophic ramifications. The commanders of the U.S. Army 101st Airborne Division who are now stationed just a few miles from the Romanian border with Ukraine are also making comments that they were ready to cross over in response to any escalation or attack on NATO.
This is all calling into question who the hell is the real commander and chief? President Joe Biden has repeatedly stated he was not going to send U.S. soldiers into Ukraine itself. The US has NOT sent troops to the borders of NATO since World War II. The National Security Council Strategic Communications Coordinator John Kirby rushed to then say that “nothing has changed about the commander-in-chief’s decision that there will be no American troops fighting inside Ukraine.” This is raising serious concerns about who is really in charge and do we have a military so eager to jump in that we end up in WWIII because of all of this nonsense.
Russian Ambassador Anatoly Antonov said, “we have already officially pointed out to high-ranking members of the US Government that such bravura statements by the U.S. Army commanders are inadmissible.” He further warned that Moscow would take these comments seriously. Behind the curtain, there is serious concern that Biden is just a puppet and has no idea that his administration is pushing the world to WWIII.
Antonov added: “We are not going to tolerate a situation where military threats are mounting on Russian borders… Direct participation of the U.S. military in the fighting will lead to disastrous consequences. I am convinced that further aggravation of the situation is not in Washington’s interests.”
There is absolutely no reason for the US to have troops stationed on the border. Russia is not interested in invading NATO and they too realize what that would mean. Stationing the Hard Rock Company, 1st Battalion, 502nd Infantry Regiment, 2nd Brigade Combat Team, 101st Airborne Division (Air Assault), only increases the chance of war just like in Vietnam. This has been the first time in nearly 80 years that troops have been sent in this manner.
The Russian ambassador Antonov warned that “Washington is becoming increasingly involved in the conflict in Ukraine, turning the country’s territory into a battlefield with Russia.” If Russia sent nukes to Venezuela or stationed troops in Mexico, I seriously doubt the US would stand by silently.
Our War Model globally turned up in 2014 as I laid out at the 2011 World Economic Conference. I have warned that history will call this the Climate Change War. The Biden Administration is being run by climate zealots telling us our pets have to eat bugs along with us and they want to impose a federal tax to even have a pet of several thousand dollars to reoccur annually no less. These zealots want to wipe out Russia because they produce energy and that is 50% of the GDP. Having Ukrainians die for climate change is no problem – there are too many people anyway.
Even the Cuban Missile Crisis on a 51.6-year calculation turned back up on May 4th, 2014. The next 8.6-year wave will be 2023.008 which will be January 3rd, 2023. The peak of that wave will then be 2027.308 which is April 9th, 2027. These people have reignited the U.S.-Russia rivalry intensifying to levels not seen since the Cuban Missile Crisis of 1962. Zelensky is sacrificing his country for money. You do not put your entire nation at risk for a strip of land that has always been occupied by Russians for centuries. He takes his orders from the Biden Administration and it is public knowledge that he was told not to negotiate for peace.
These Climate Change Zealots are bringing the world to complete disaster over total nonsense when Climate Change has been a natural cycle for millions of years. They ignore the history of the planet past 1850 because they want to simply blame everything on the Industrial Revolution. They have confused pollution with climate change and will not address that there have been warming periods and ice ages without people driving their SUVs.
The military always wants war. They get to play with all their cool stuff. They have been using Ukraine to study Russia’s tactics and weapons. This has been a fantastic learning experience for the military. The problem this time, one Russian nuclear sub can surface offshore and fire 60 nukes and we will not be able to shoot them all down.
Posted originally on the conservative tree house on October 26, 2022 | Sundance
The extreme vitriol against the recent OPEC+ decision to cut oil output, specifically the extreme Biden anger toward Saudi Arabia, now takes on additional context as the New York Times writes about a secretly negotiated deal between the Kingdom and White House officials that was never executed.
As the Times reveals, over the summer the White House thought their team had negotiated a deal with Saudi Arabia for increased oil production that would have lowered oil and gasoline costs in the U.S, strategically timed before the midterm election.
With that agreement in mind, Joe Biden went to Saudi Arabia a few months ago. However, as the western alliance began putting more pressure on Russia and increased the activity within Ukraine, the Saudi’s aligned with OPEC+ to support Russia via lowered oil outputs. The White House felt double-crossed, hence the fury.
(New York Times) – WASHINGTON — As President Biden was planning a politically risky trip to Saudi Arabia this summer, his top aides thought they had struck a secret deal to boost oil production through the end of the year — an arrangement that could have helped justify breaking a campaign pledge to shun the kingdom and its crown prince. It didn’t work out that way.
Mr. Biden went through with the trip. But earlier this month, Saudi Arabia and Russia steered a group of oil-producing countries in voting to slash oil production by two million barrels per day, the opposite of the outcome the administration thought it had secured as the Democratic Party struggles to deal with inflation and high gas prices heading into the November elections.
The move led angry Biden administration officials to reassess America’s relationship with the kingdom and produced a flurry of accusatory statements between the two governments — including a charge by the White House that Saudi Arabia was helping Russia in its war in Ukraine.
[Democrat] Lawmakers who had been told about the trip’s benefits in classified briefings and other conversations that included details of the oil deal — which has not been previously disclosed and was supposed to lead to a surge in production between September and December — have been left fuming that Crown Prince Mohammed bin Salman duped the administration. (read more)
This approach makes sense from the perspective of a White House intent on manipulating the U.S. economy to achieve ideological goals.
The climate change agenda is a larger picture scheme all about power and control. Downstream mechanisms of government, and institutions in the private and financial sector, collaboratively created by people in power, want to take advantage of the fraudulent dynamic for increased influence and affluence.
The love of money is always at the root of evil enterprise. The Build Back Better / Green New Deal is ultimately about controlling people and assembling more wealth amid a small tier of self-described elites. Inflation that crushes the working class around the world is an outcome of this larger dynamic of manipulating energy.
“The Great Reset” is designed to the benefit of the few.
…”I think they may have wanted a sword dance, lol”…
New Prime Minister Ulf Kristersson is not heeding to the Green agenda. He promptly eliminated the entire Ministry of Climate and Environment, marking the first time in 35 years that Sweden does not have a specific climate ministry. People are crying that the world will crumble without funding bureaucrats who pretend they have the ability to alter the weather cycle with enough funding.
Klaus Schwab’s plans for Agenda 2030 are in jeopardy. “Environmental issues are going to be given a disadvantage at the same time when we have a huge challenge in Sweden when it comes to biodiversity and forestry,” stated Stockholm University professor Karin Bäckstrand. “We won’t meet the Agenda 2030 goals on biodiversity.”
Democratic leader Ebba Busch will serve as the new Minister for Energy, and 26-year-old Liberal Romina Pourmokhtari will serve as the Minister of Climate and Environment, The Nationalist Sweden Democrats do not support the goal of achieving net zero emissions.
Instead, the new government is prioritizing nuclear power initiatives that will make it increasingly difficult to shut down existing plants while using €36 billion to build new nuclear power stations. The new government is also considering reopening two nuclear power plants that discontinued operations in recent years. Yet another example of how Agenda 2030 and Schwab’s plan to alter the world will fail.
Posted originally on the conservative tree house on October 18, 2022 | Sundance
New England consists of six states in the US Northeast, Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. The states have been warned by regional ISO electricity providers for several years about their vulnerability if the winter weather is harsh and there is a significant increase in demand for home heating. Those warnings are now multiplied by the massive price increases for natural gas.
Keep in mind as all these natural gas and LNG issues surface, the U.S. has been exporting natural gas to Europe as part of the Biden effort to subsidize the NATO effort against Russia. Prices for natural gas have skyrocketed, and now shortages of the fuel source for energy production may create even bigger problems for New England.
[Via Zero Hedge] – […] The region’s power mix changes have left it increasingly reliant on international NatGas spot markets. State governors have asked US Energy Secretary Jennifer Graholm to waive the Jones Act and allow foreign-owned tankers to ship LNG from the US Gulf region.
All of this has led to New England residents facing some of the highest electricity bills in years. Heating season is already underway.
New England ISO expects the grid will be stable if there’s a mild-to-moderate winter. However, if there’s an extreme cold spell across the Northeast, then grid chaos could unfold: “The grid overall is in a much tighter position.
“If we get a sustained cold period in New England this winter, we’ll be in a very similar position as California was this summer,” Nathan Hanson, a senior vice president of energy and commercial management of LS Power Development LLC, which has two NatGas power plants in New England, warned. (more)
According to the U.S. Energy Information Association (IEA), U.S. storage of Liquified Natural Gas (LNG) is 12% below the five-year average (LINK). Additionally, the IEA is expecting the U.S. to export 11.7 billion cubic feet of LNG per day during the fourth quarter of 2022 — up 17% from the third quarter. The destination of that export is Europe.
Consider that 43% of U.S. households use natural gas for home heating, and power suppliers use natural gas to create electricity. With the massive 2022 exports of LNG to Europe (+17% in fourth quarter alone), that means lower domestic supplies and increased prices here in the United States for electricity and home heating. We are seeing and feeling these massive price increases right now.
Barrons – […] If you need more evidence of the impact of natural gas exports on prices, just compare supply and demand fundamentals for the year leading up to February 2020 (the last pre-pandemic month) versus the year leading up to this May (the most recent month with full federal data). Annualized production rose over the period, while domestic consumption remained roughly flat. Yet LNG exports almost doubled—a surge that tightened U.S. gas markets and doubled the price that U.S. consumers pay for the fuel.
The growth of global demand for U.S. LNG can be tied to many market forces, including the shortfalls in Europe due to Russia’s manipulation of European Union gas markets. Sustained high demand in wealthy Asian nations has contributed to export growth as well. And so has the U.S. gas industry’s dogged determination to ship its wares to the highest bidder, foreign or domestic.
Russia’s role has been particularly critical in the rise of global LNG demand. As Russia choked off gas shipments to Europe, EU buyers have turned to global LNG markets to make up the shortfall. Global LNG prices rose in response, and U.S. LNG companies ramped up output, shipping more cargoes to Europe. But Russia responded by further clamping down on gas supplies to the EU—a vicious circle that has hurt Europe’s economy even more severely than it has harmed America’s.
There’s little sign that U.S. gas prices will ease in the coming years. Freeport’s demand will be back online soon enough, and there are three other massive LNG export projects under construction, with more than a dozen of others waiting for financing.
[…] Curiously, federal regulators have consistently found that the gas export projects are in the public interest—meaning they were in the economic interest of LNG companies and gas drillers. But now, exports are creating sky-high costs for U.S. consumers, and drillers are reluctant to boost gas output lest prices fall back to earth. So, it’s high time to consider whether soaring U.S. LNG exports are actually in America’s interest—or if, instead, runaway LNG exports are fueling energy inflation and undermining the nation’s economic competitiveness. (read more)
Not only are U.S. taxpayers directly paying for the majority of costs in Ukraine, but we are also subsidizing the European Union by exporting LNG and driving up the price for energy here at home. Here’s the Wall Street Journal talking about the risks to New England:
[Via Wall Street Journal] – New England power producers are preparing for potential strain on the grid this winter as a surge in natural-gas demand abroad threatens to reduce supplies they need to generate electricity.
New England, which relies on natural-gas imports to bridge winter supply gaps, is now competing with European countries for shipments of liquefied natural gas, following Russia’s halt of most pipeline gas to the continent. Severe cold spells in the Northeast could reduce the amount of gas available to generate electricity as more of it is burned to heat homes.
The region’s power-grid operator, ISO New England Inc., has warned that an extremely cold winter could strain the reliability of the grid and potentially result in the need for rolling blackouts to keep electricity supply and demand in balance. The warning comes as executives and analysts predict power producers could have to pay as much as several times more than last year for gas deliveries if severe weather creates urgent need for spot-market purchases.
“The most challenging aspect of this winter is what’s happening around the world and the extreme volatility in the markets,” said Vamsi Chadalavada, the grid operator’s chief operating officer. “If you are in the commercial sector, at what point do you buy fuel?”
Power producers in New England are limited in their ability to store fuel on site and face challenges in contracting for gas supplies, as most pipeline capacity is reserved by gas utilities serving homes and businesses. Most generators tend to procure only a portion of imports with fixed-price agreements and instead rely on the spot market, where gas prices have been volatile, to fill shortfalls. (more)
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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