Now that there are natgas export options on the Gulf coast, the Northeast is exposed to international price pressures in a way that producing regions in the Marcellus or Texas are not. So prices go up up up.
— Peter Zeihan (@PeterZeihan) April 9, 2022
2/
I, for one, love it when CCP-Dems get exactly what they vote for. More hilarity (from December):
It goes on from there. Anyway, I laughed.Quote:
In her excellent book Shorting the Grid: The Hidden Fragility of Our Electric Grid, Meredith Angwin describes how a combination of bad policy, complicated governance, and dense bureaucracy has made the entire electric grid of New England incredibly vulnerable to collapse, especially during winter cold snaps (you can buy Angwin's book here and follow her Twitter account here). She tells the story of how Regional Transmission Organizations (RTOs) like ISO New England have evolved to oversee bulk electric power systems and transmission lines, and how producers of electricity must subordinate their natural gas consumption for use in home heating during extreme cold weather events. Of course, the demand for electricity skyrockets during these same extreme events as people supplement their home heating needs with electric space heaters, further exacerbating the problem.
Angwin goes on the tell the story of how New England's electric grid nearly collapsed during cold snaps in late December 2017 and early January 2018. In the book, she quotes from an op-ed she wrote for the Valley News shortly after the incident (emphasis added throughout this piece):She goes on to describe that while burning oil had averted disaster, it had only barely done so. The grid was hours away from rolling blackouts before the weather thankfully turned warmer. The book then covers the broken interplay between policy, markets, and fuel security, how renewables impact the grid, and her thoughts on a more rational path forward. It is well worth a full read.Quote:
"Around 5:00 P.M. on January 6, 2018, I snapped a light on as the sun went down. The temperature was around minus 8 degrees Fahrenheit. It had been zero at lunchtime and would be minus 15 the next morning. As usual, the light went on. As grid operator ISO New England had planned, oil had saved the grid. During that very cold week, about one-third of New England's electricity came from burning oil. The people at ISO-NE might think it is unfair to say that they planned to save the grid with oil, but they did, because of the Winter Reliability Program."
You would think that the near collapse of their energy grid would have motivated the good people of New England to get serious about shoring up their energy needs ahead of future cold snaps. You would be wrong. Instead, they have set about the task of systematically dismantling existing critical infrastructure and blocking the development of proven technologies. In 2019, the Pilgrim Nuclear Power Station was shuttered, leaving New England with only two nuclear power facilities. There are no plans to build more.
More urgently, virtually every attempt to expand the region's natural gas pipeline infrastructure has been delayed, blocked, or abandoned. Here's a sobering report from InsideSources from mid-2019 that describes the situation:Just last month, voters in Maine killed an electricity transmission line project that would have brought renewable hydro power from Quebec to Massachusetts. Here's a report from the Boston Globe:Quote:
"As activists become more adept at enlisting government in their war on oil and gas pipelines, even small projects are becoming difficult to build.
Last month, voters in Longmeadow, Mass., approved a non-binding ballot measure encouraging the town to buy land to block a local natural gas metering and transfer station.
This past Earth Day, the mayor of Holyoke, Mass., announced his opposition to a proposed 2.1-mile, 12-inch natural gas pipeline that would increase capacity to meet rising demand. He asked federal regulators to reject the pipeline.
In March, the Bristol, Vt., Selectboard voted to cancel a license agreement with Vermont Gas that would have allowed Bristol residents to connect to a gas line that runs from Colchester to Middlebury, vtdigger.com reported.
From large, interstate pipelines to small lines connecting towns and neighborhoods, anti-fossil fuel activists have proven highly successful at blocking, through regulations or lawsuits, new natural gas infrastructure in the Northeastern United States."The great irony of the situation is New England sits only a few hundred miles from the most prolific natural gas producing region on Earth the Appalachian Basin. According to the US EIA, if the region were a standalone country it would have been the third largest natural gas producer in the world in the first half of 2021, behind only Russia and the rest of the US. And yet, by refusing to build the necessary pipeline infrastructure, New England has opted out of sharing in this critical domestic bounty. If any thought leaders from the region are reading this piece, the Doomberg team put together this handy guide to solving your regional energy problems:Quote:
"In what appears to be a stunning setback to Massachusetts' climate goals, Maine voters on Tuesday rejected a referendum on a transmission line that would bring hydroelectric energy from Canada to the Bay State.
As of just before midnight, with 421 of the state's 571 precincts reporting, a "yes" vote to stop the $1 billion project that is already under construction had garnered 60 percent support, according to unofficial results.
Energy from the line is a key part of how Massachusetts plans to achieve its goal of halving emissions by the end of the decade. The Maine vote does not spell the immediate end of the project, as the line's supporters are already saying they will contest the referendum in court, but even that will likely result in a set-back to the project's planned timelineand there is no time to waste."
