SynbiosVyse t1_ium2x18 wrote
Reply to comment by modernhomeowner in Eversource CEO asks Biden to take emergency action on New England natural gas supply by OmarLittleFinger
If only we kept our nuclear plants, but we didn't.
If only we didn't shutdown pipelines and drilling, then we'd have home heating oil and natural gas. Ukraine is a scapegoat.
GhostOpera406 t1_iumgjfb wrote
Shareholders have found out you don't have to take the risk of the boom/bust cycle. Just price it higher. Gas in an inelastic good. That's a major reason why companies don't even bother drilling anymore, even if the government made it easier.
buried_lede t1_ix1tzox wrote
That's exactly right. So few people are aware of that. They refer to it as "discipline" and it is assisted by sophisticated pricing models
buried_lede t1_ix1t8s1 wrote
[EDIT: oops. I thought this comment was in the CT subreddit. Pardon me. ]
Only one of three reactors at Millstone is operating because we barely averted a meltdown that would have been our Chernobyl. Why? Because we trusted for profit companies not to mess with the engineers' designs in order to save some money and then we trusted them to tell the truth when they never did. Who was that company? Eversource, fka Northeast Utilities
Environmentalists didn't shut down Millstone, the Atomic Energy Commission did and then threw them over to Congress, which ripped them to pieces in public hearings
Yet they rose again, like mutant Phoenix larva from a radioactive ash heap. Behold, the corporation!
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