Natural gas latest consumer headache
The prices in April are about $1 per therm or more. Here’s one take on why the price is going through the roof, even as we leave the winter heating season. One interesting item:
Coal shortages at many American utilities like Exelon Corp (EXC), Ameren (AEE), Dynergy Inc (DYN) and PPL Corp (PPL) will force them to run gas plants to preserve coal stockpiles for the summer, even if it’s more costly to do so.
Of course, the article doesn’t even mention the possibility of manipulation of the natural gas market or the need for sensible regulation of the gas market. We regulate pork bellies better than we do such a necessity as natural gas. gas engines
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