by Tom Borelli
The recent Polar Vortex exposed the risks of natural gas dependency being driven by President Obama’s war on coal.
Certain regions in the U.S. are now disproportionately dependent on natural gas because EPA regulations have forced the closing of coal-fired power plants.
The lack of energy diversity is hitting the Northeast particularly hard where demand for home heating and electricity surged during the recent plunge in temperature causing natural gas prices to spike.
New England states are especially vulnerable because the region depends on natural gas for over 50 percent of its electricity. Exacerbating the natural gas problem is the fact that surging demand is outstripping the pipeline capacity.
Going forward, the lack of energy supply could threaten the dependability of the region’s power grid resulting in brownouts and blackouts, as well as resulting in skyrocketing electricity prices.
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