You already know.
You already know.
There is a bit more to this story. The New England states are dependent on Natural Gas for heating. Some of the governors have denied any new natural gas supply pipelines into the area from the Applichaia region (about 100 miles). So, the gas utilities have contracted with LNG tankers to bring in extra natural gas supplies.
However, since there are no US-flagged LNG tankers, the foreign-flagged LNG tankers need to pick up LNG from Trnnaid Tobago rather than New Orleans (where natural gas is cheaper). There is a US law - the Jones Act that says that to move cargo from one US port to another, it needs to be a US-flagged ship.
So, effectively the utility customers (essentially all the US taxpayers) are paying higher natural gas prices (from foreign suppliers) plus transportation costs for natural gas because their governors are trying to freeze them out from using dirty natural gas from the US.
There is a bit more to this story. The New England states are dependent on Natural Gas for heating. Some of the governors have denied any new natural gas supply pipelines into the area from the Applichaia region (about 100 miles). So, the gas utilities have contracted with LNG tankers to bring in extra natural gas supplies.
However, since there are no US-flagged LNG tankers, the foreign-flagged LNG tankers need to pick up LNG from Trnnaid Tobago rather than New Orleans (where natural gas is cheaper). There is a US law - the Jones Act that says that to move cargo from one US port to another, it needs to be a US-flagged ship.
So, effectively the utility customers (essentially all the US taxpayers) are paying higher natural gas prices (from foreign suppliers) plus transportation costs for natural gas because their governors are trying to freeze them out from using dirty natural gas from the US.
(post is archived)