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NG spot pricing this week

Crazy town, mid atlantic to NE averaging 77.00-91.00 vs henry hub of around 4.69. NYC was up to 120.00 at one point yesterday! Heating oil looks stable compared to this action and ng bill shock ahead for consumers in these regions. All about the lack of transmission pipes or so they say.


  • icesailor
    icesailor Member Posts: 7,265
    Or so they say:

    Or so they say. And the Mainstream Media laps it right up.

    America energy independent from "Foreign Oil"?

    The reason that the Wall Street Crime Syndicate is so hot to get the Keystone Pipeline approved and going is so they can send Canadian and North Dakota dirty tar sands crude oil to Texas, load it into tankers and send it to the big refinery in the US Virgin Islands. Process it, and send it back as imported fuel.

    There used to be an old saying on Wall Street. "Bears and Bulls make money. Pigs get slaughtered". The Pigs rewrote the rules and slaughtered the Bears and Bulls.

    Pigs Rule. They'll eat anything. Including their own.

    Remember the Energy Company, "Enron"? They bankrupted the State of California.
  • SWEI
    SWEI Member Posts: 7,356
    Enron and California

    Two municipal utilities (LADWP and SMUD) who didn't sell their generating plants when that seemed like the "thing to do."  Their ratepayers did not suffer anything like the SoCal Gas and PG&E customers did.
  • icesailor
    icesailor Member Posts: 7,265

    Didn't the Sherman Anti-Trust Act make Monopoly's illegal? Didn't they break up ATT so there would be more competition in the communications market?

    We're now back to two or three companies controlling the whole US market and European Vodaphone  wants to buy one of them?

    That's competition for you.
  • Paul48
    Paul48 Member Posts: 4,469

    Here in CT, electrical deregulation, was suppose to give consumers, a break, by allowing them to chose a generation company that provided lower rates. You are still locked into the company that owns the wires and poles that supply your home for "Distribution". Then they allowed the companies to double their rate for distribution, and charge based on KW/H for distribution. Boy, did they take care of us!!!
  • Jamie Hall
    Jamie Hall Member Posts: 23,272
    Not to mention

    the antics of some of the "generation" companies -- who actually don't own anything, but work as brokers buying power here and there and selling it to the poor suckers who switched.  For two months you pay the teaser rate -- and after that I've had friends quote me upwards of $.25 per kilowatt hour... 
    Br. Jamie, osb
    Building superintendent/caretaker, 7200 sq. ft. historic house museum with dependencies in New England
  • Robert O'Brien
    Robert O'Brien Member Posts: 3,541
    Spot pricing

    No residential customer is affected by this.
    To learn more about this professional, click here to visit their ad in Find A Contractor.