Thursday, April 08, 2010

Getting Gas Wrong | FrontPage Magazine

If you don't think things like this and Cap & Trade won't hurt you....say Hi! to Tinkerbell for me because you are living a fairy tale!

Getting Gas Wrong | FrontPage Magazine:

In an economy full of problems there are still a few high points. One of them, as you may have noticed if you pay attention to your utility bills, is that natural gas prices are relatively low. Back in mid-2008, natural gas prices hit record highs. The market reacted as it is supposed to: exploration took off, production increased and now, almost two years later, the cost of natural gas has stabilized at a comfortable level, amid normal seasonal variations. We shouldn’t have to worry about this sector of the economy, but there is a dark cloud looming on the horizon in the form of yet another environmental initiative that the Obama administration is pushing forward, one that has the potential to cut domestic natural gas production, cost us jobs and revenue and force energy prices upward."

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