04/19/2012 2 Comments
In support of Obama natural gas bashing, the KQED Climate Watch folks fall into line with this report:
A new report warns against the folly of over-investing in natural gas
As the nation’s power plants age, a new report warns against relying too much on natural gas.
The nation’s power plants are aging. An increasing number require replacement parts; others can’t keep up with new environmental regulations.
A report released today [PDF] by the Boston-based think tank Ceres estimates that in the next two decades, up to $100 billion will be invested in the electric utility industry every year – twice the amount invested in recent years.
According to the report, that boom in investment will take place in a shifting regulatory environment. Air pollution and greenhouse gas restrictions will increase, and fossil fuel-burning power plants will have to keep up. Governments are setting requirements for energy from renewable sources.
Yes, they are! Obama and his environmental wacko minions are assuring that you will never benefit from falling natural gas prices, due to “fracking” technology. They will assure that you pay through the nose for your power from inefficient alternative power resource. Oh, yes those resource will required standby on line power plants. Most likely powered by natural gas.