Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
Silver Long-Term Trend Analysis - 18th June 19
IBM - Watson Deep Learning - AI Stocks Investing - Video - 18th June 19
Investors are Confident, Bullish and Buying Stocks, but… - 18th June 19
Gold and Silver Reversals – Impossible Not to Notice - 18th June 19
S&P 500 Stuck at 2,900, Still No Clear Direction - 17th June 19
Is Boris set to be the next Conservation leader? - 17th June 19
Clock’s Ticking on Your Chance to Profit from the Yield Curve Inversion - 17th June 19
Stock Market Rally Faltering? - 17th June 19
Johnson Vs Gove Tory Leadership Contest Grudge Match Betfair Betting - 17th June 19
Nasdaq Stock Index Prediction System Is Telling Us A Very Different Story - 17th June 19
King Dollar Rides Higher Creating Pressures On Foreign Economies - 17th June 19
Land Rover Discovery Sport Tailgate Not Working Problems Fix (70) - 17th June 19
Stock Market Outlook: is the S&P today just like 2007 or 2016? - 17th June 19
US China War - Thucydides Trap and gold - 16th June 19
Gold Stocks Bull Upleg Mounting - 16th June 19
Gold Price Seasonal Trend Analysis - Video - 16th June 19
Fethiye Market Fruit, Veg, Spices and Turkish Delight Tourist Shopping - 16th June 19
US Dollar Gold Trend Analysis - 15th June 19
Gold Stocks “Launch” is in Line With Fundamentals - 15th June 19
The Rise of Silver and Major Economic Decline - 15th June 19
Fire Insurance Claims: What Are the Things a Fire Claim Adjuster Does? - 15th June 19
How To Find A Trustworthy Casino? - 15th June 19
Boris Johnson Vs Michael Gove Tory Leadership Grudge Match - Video - 14th June 19
Gold and Silver, Precious Metals: T-Minus 3 Seconds To Liftoff! - 14th June 19
Silver Investing Trend Analysis - Video - 14th June 19
The American Dream Is Alive and Well - in China - 14th June 19
Keeping the Online Gaming Industry in Line - 14th June 19
How Acquisitions Affect Global Stocks - 14th June 19
Please Don’t Buy the Dip in Nvidia or Other Chip Stocks - 14th June 19
A Big Thing in Investor Education is Explainer Videos - 14th June 19
IRAN - The Next American War - 13th June 19
Boris Johnson Vs Michael Gove Tory Leadership Grudge Match Contest - 13th June 19
Top Best VPN Services You Can Choose For Your iPhone - 13th June 19
Tory Leadership Contest Betting Markets Forecast - Betfair - 13th June 19
US Stock Market Setting Up A Pennant Formation - 13th June 19
Which Stocks Will Lead The Cannabis Rebound? - 13th June 19
The Privatization of US Indo-Pacific Vision - Project 2049, Armitage, Budget Ploys and Taiwan Nexus - 12th June 19
Gold Price Breaks to the Upside - 12th June 19
Top Publicly Traded Casino Company Stocks for 2019 - 12th June 19
Silver Investing Trend Analysis - 12th June 19
Why Blue-Chip Dividend Stocks Aren’t as Safe as You Think - 12th June 19
Technical Analysis Shows Aug/Sept Stock Market Top Pattern Should Form - 12th June 19
FTSE 100: A Top European Index - 12th June 19
Gold Surprise! - 11th June 19
How Forex Indicators are Getting Even More Attention in the Market? - 11th June 19
Stock Market Storm Clouds on the Horizon - 11th June 19
Is Your Financial Security Based On A Double Aberration? - 11th June 19
What If Stocks Are Wrong About Interest Rate Cuts? - 11th June 19
US House Prices Yield Curve, Debt, QE4EVER! - 11th June 19
Natural Gas Moves Into Basing Zone - 11th June 19
U.S. Dollar Stall is Good for Commodities - 11th June 19
Fed Running Out of Time and Conventional Weapons - 11th June 19
Trade Wars Propelling Stock Markets to New Highs - 11th June 19
Best Travel Bags for Summer Holidays 2019, Back Sling packs, water proof, money belt, tactical - 11th June 19
Betting on Next British Prime Minister Tory Leadership Betfair Markets Forecast - 10th June 19
How Can Stock Market Go Up When We’re Headed Towards a Recession? - 10th June 19
If You Invest in Dividend Stocks, Do This to Double Your Returns - 10th June 19
Reasons for the Success of the Dating Market - 10th June 19
Gold Price Trend Analysis - Video - 10th June 19
US Stock Markets Rally Hard – Could Another Big Upside Leg Begin? - 10th June 19
Stock Market Huge Cosmic Cluster Ahead: Buckle Up! - 10th June 19
Stock Market Higher To Go? - 10th June 19
The Gold Price Golden Neckline… - 10th June 19
Gold Price Seasonal Trend Analysis - 9th June 19
The Fed Stops Pretending - 9th June 19
Fed Rate Cuts Soon; Bitcoin Enthusiasts Join Wall Street in Bashing Gold - 9th June 19
1990s vs. 2010s - Which Expansion Will be Better for Gold? - 9th June 19
Gold Price Trend Analysis, MACD, Trend Channels, Support / Resistance - 8th June 19
Gold Surges Near Breakout - 8th June 19
Could Gold Rally Above $3750 Before December 2019? - 8th June 19
5 Big Lies About Precious Metals Investing Exposed - 8th June 19

Market Oracle FREE Newsletter

Gold Price Trend Forecast Summer 2019

Will the Energy Crisis Hit Home This Winter?

Commodities / Energy Resources Jul 04, 2014 - 11:34 AM GMT

By: Money_Morning

Commodities

Kent Moors writes: It’s hard to imagine as we swelter in the summer heat, but many countries are going to be in real trouble this winter. Wars, rebel activities, and geopolitical struggles will mean possible energy shortages throughout Europe and Asia.

In the Ukraine and other places in Eastern Europe and Asia, it could be a cold, dark winter. Gas and oil shortages and supply disruptions may mean that some folks literally freeze to death.


It’s one thing to watch these struggles from afar. It’s something else entirely when it hits closer to home.

And this winter, there may be a genuine energy crisis in New England…

The Homegrown Energy Crisis

Please understand that I have a strong emotional stake in everything that happens in New England. It’s an area that has a warm place in my heart, and for good reason.

I was raised in Massachusetts, went to school there and in New Hampshire, and cut my teeth professionally with my first consulting gigs in Maine. Being a lifetime Red Sox fan is always thrown into the mix as well.

One of my degrees was earned on the picturesque campus of Saint Anselm College just outside Manchester, N.H. Coincidentally enough, my alma mater figures prominently in the upcoming crisis.

Yesterday, a meeting took place there highlighting a problem that has been intensifying for some time throughout the region.

As the Concord (N.H.) Monitor proclaimed in its July 2 edition, “New England is facing an energy crisis that will drive up consumers’ electricity bills, and the states need to come together for a solution.”

That was the official reason for the New England Council hosting a three-hour session at my alma mater. The council acts as a regional business association.

But the crisis goes way beyond commerce or business development. It not only could affect every business, but every home and every person in New England.

This is getting more serious quickly… for everyone.

“The lights did not go out this past winter,” said Rhode Island Office of Energy Resources’ Nicholas Ucci during the session. “That doesn’t mean that they can’t.”

And he’s no Chicken Little proclaiming that the sky is falling. State officials from New Hampshire, Massachusetts, Maine, and Rhode Island all agreed that this winter is going to be a difficult time for New Englanders, especially if it’s a long, cold one.

Which it usually is in this part of the country.

The problem is that the region faces many energy challenges: not enough natural gas pipeline capacity, an aging power grid, and insufficient backup supply. The energy infrastructure hasn’t kept up with the growing demand in the region.

Everybody has understood for awhile now that a new energy infrastructure has to be built. But that’s easier said than done.

Building a new energy infrastructure would require a multistate commitment. It also means that the businesses and average folks who pay the already high electricity and heating rates would have to agree to finance it.

As you might imagine, so far there’s been plenty of disagreement. But at least some initial progress has been made.

The region has been planning for this winter (and beyond) since December, in an initiative endorsed by the six New England governors. The planning is being coordinated by the New England States Committee on Electricity, a nonprofit that represents all of the states in the region.

So far, the group has discussed two very different projects to bring more energy into the region.

The first would construct a new gas pipeline network, while the second would build transmission lines to carry low-carbon electricity, most likely from Canada. As the Monitor noted, the latter initiative would also help many of the New England states meet their clean energy standards. (New Hampshire, on the other hand, still needs to come up with a set of standards.)

There’s been no mention yet of how much all of this is going to cost. But New England really doesn’t have much choice. The situation isn’t going to get any better, and the occasional rolling brownouts the region has experienced recently will only get worse.

Yet in all of these meetings and crisis talk something very important is missing.

While the media and pundits focus on the price tag and who funds what, a fundamental and seminal question needs to be asked.

Does New England spend billions replicating and refurbishing the old ways of doing things, or does it decide to replace that with something else?

As we all know, sometimes pressing needs lead to new ideas and new points of view. This could be an opportunity to rethink how the region meets its energy needs.

Now, I’m not saying that people living in New England should sit on their hands waiting for an energy “silver bullet.” They can’t afford to do nothing until the breakthrough that will change their lives appears. Natural gas and electricity will have to be the answer, at least in the medium-term.

But what should they consider for a long-term solution?

There certainly won’t be any moves to build new nuclear reactors, especially after the very public fight to close the nation’s first and oldest nuclear power plant at Rowe, Vermont. Nor should New Englanders expect much help from solar. Wind farms are still a possibility, despite the environmental and political donnybrook about windmills destroying the view off of Martha’s Vineyard.

No matter what the region decides, in the long run this is going to change people’s lives. In New England, that’s very difficult. After all, the region started one revolution, and almost seceded from the resulting union 20 years later. The “Live Free or Die” on New Hampshire license plates is there for a reason.

However, change is inevitable, and most people recognize it. Band-Aid solutions are no longer sufficient. The basic system has to be overhauled. Quality of life may be at stake, and the cost of that life is already a factor.

But there is an opportunity here nonetheless. It involves using proven energy sources, such as gas and electricity, combined with new ways of sourcing that energy. It’s also an opportunity to add new energy sources to the mix, such as liquefied natural gas (LNG), biofuel, selected renewables, maintenance free (and localized) nuclear batteries, fuel cells, and other sources. Many of these can be integrated into the existing distribution channels (natural gas and transmission lines), which would help contain costs.

Ever since Oil & Energy Investor began, I have been talking about the essential energy balance that America needs to develop. America’s energy future has to include far more energy sources than we rely upon today. More importantly, those sources must be interchangeable to avoid disruptions.

New England may be the canvas on which America’s energy future is painted.

There’s a challenge here, to be sure. Still, that’s nothing new for my fellow New Englanders. There has always been a spirit of determination in that neck of the woods.

Just look at any Norman Rockwell painting.

Source : http://oilandenergyinvestor.com/2014/07/will-energy-crisis-hit-home-winter/

Money Morning/The Money Map Report

©2014 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules