Worst Winter forecast ever.

Two reasons New England will suffer brutal winter energy prices and even blackouts

New England’s woes are attributable to two factors: its lack of pipeline infrastructure, which prevents it from receiving supplies from other parts of the U.S., and a century-old law known as the Jones Act that limits the delivery of fuel from the rest of the country by ship.

As a result, U.S. fuel continues to be exported at record volumes to the European Union — where gas storage facilities are full and oil is, for now, oversupplied — even as its own residents are starved of that same supply.

When a cargo is loaded in the American Gulf Coast, it will be on a foreign registered ship since all LNG tankers are foreign registered. So that ship cannot sail to another American port.
If the ship owners re-register in the US, then after USCG recertification that ship can sail to an American port but the ship owners costs for operating that ship (not including mandated US modifications) escalate.

A Congressional waiver to set aside the Jones Act would be required. But no such action has gotten anywhere in one hundred years. And how does “The Big Guy” get his cut?  And Biden’s base would howl if he signed such a bill, even if it meant some Americans would freeze to death.

In the interim, American NG is going to China and Europe.


About On the North River

Forty years toiled in the Tel-com industry, married for 36 years widowed at sixty-one. New girlfriend at sixty-five. Was a Tea Party supporter. Today a follower of the Last American President to be honestly elected, Donald J. Trump.
This entry was posted in 2022, New England. Bookmark the permalink.

1 Response to Worst Winter forecast ever.

  1. pjrae54 says:

    Amazing. You continue to provide more and more assurance that I’m where I belong. BTW: looking at 80 degrees and sunny for Thanksgiving. Come on down.


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