Michael Foster wrote:
Just another Chicken Little running around in
metaphorical circles shouting, "The sky is
falling! The sky is falling!"
Jed wrote
I agree, but this is worse, because we really do face a crisis. We may not
face rack and ruin but the price of natural gas will go up 60% this
winter, and in Atlanta tens of thousands of people will not be able to pay
their bills.
Natural gas production capacity from offshore Gulf of Mexico wells remain a
question mark for awhile because the extent of the damage to platforms and
specially transmission pipeline damage remains incomplete. This represents
almost 30% of the available US capacity. Any loss in this percentage
represents a real problem this winter. Compounding the problem is that
natural gas is used for electric power generation. Massive LNG terminals are
being built or in planning to receive LNG from foriegn sources BUT the
infrastructure remains to be completed to receive and transport LNG.
Any serious shortage in natural gas supply will get attention like the
stranded evacuees from Rita when they ran out of gas on the evacuation
routes.
Richard
