Last year, CEA released a report entitled, “Pipelines and their Benefits to New York,” which found New Yorkers were subjected to spot market prices for natural gas that were $137 higher due to self-inflicted capacity constraints created by their own elected officials. The lack of leadership continues into 2019, with others now taking note of the financial strain this is placing on families and businesses across the Empire State.
Demand will continue to grow along with the economy. But instead of meeting that demand and bolstering our country’s energy independence with natural gas produced in nearby states, the region has turned to shipments of liquefied natural gas from foreign suppliers, including Russia. The lack of pipeline infrastructure has also led to fluctuations in the local price of natural gas, forcing consumers to pay more for the energy needed to heat their homes during the harsh New England winter.
Read more – Times Union
