Huh? S'plain it to me Lucy.
Here's a map showing the BOOMING areas of natural gas production in the US. See that big blob of red at the bottom/center of the map? That's Texas, where I live. We're sitting on so much oil and natural gas (not counting the gas that's spewing forth from our politicians in Austin) I'm afraid to strike a match....I'm scared the whole damn place might explode!
And what is the main fuel used by our power companies in Texas to produce electricity? Natural gas! Not to mention super-cheap nuclear and wind power, Texas being the nation's leading producer of electricity from the latter.
Did I mention that gas is selling at near record LOW prices? So low producers are cutting back on new drilling because the market is in freefall? Yet my electricity rate is going UP? Really?
Oh, and as a corollary, did I mention that our gasoline prices are =/+ the national average? FYI, the producing oilwell map looks similar to the natural gas production map....it's right here in my back yard.
You know what I think? I think we're getting...
S
