20 December 2009

Yipppeee! Bring on those higher energy prices

From the New York Times:

In 2009, some 31,000 households in Rhode Island will have their utilities shut off, and the effort to juggle energy bills and mortgages is helping push some homeowners into foreclosure, said Henry Shelton, director of the George Wiley Center, a consumer advocacy group here. (Here, as in many states, utilities may not disconnect the poor in the winter.)

Since 2000, the cost of heating a home with fuel oil has more than doubled and the cost of heating a home with electricity has risen by one third, outpacing many incomes. The recent surge in unemployment has thrown even more people into energy debt.

High energy prices will hamper any recovery in the United States.

Hindering a recovery of the American economy will screw everyone who depends on exports into the Untied States as a staple of their own economy.

Like say Canada generally and Newfoundland and Labrador in particular.

Any fiscal plan built on perpetually high energy prices is inherently flawed and prone to failure.

Catastrophic failure.

-srbp-

9 comments:

Lonenewfwolf said...

i kinda wish for that too ed, but i know for certain the americans are very interested in the energy and water in labrador, and on the island.

its perfect for them the way danny is setting it up. his job is to get it so they'll have their hands on the whole shootin' match by the time he walks away.

criminal i say. something has to be done.

Ed Hollett said...

The problem is not the markets, Lone, the problem is getting electricity to the NE states, for example, at a price they are willing to pay.

The problem is the same now as it was 45 years ago. The RI MOU fell apart absed on pricing. LC is most emphatically NOT cheap power and it is most emphatically NOT cheap to get it to the US, especially if we are talking about the plan to run it down by the longest route through Nova Scotia.

But as the post said - in case you missed the simple and obvious point entirely - any plan based on the belief that current energy prices are as low as they will go is sadly mistaken.

Lonenewfwolf said...

never missed your point at all, just looked around behind it.

its just that if danny williams and the rest of his lawyer buddies in there think they can pull the wool over everybodies eyes with this slick media campaign, get around bill 27 through that expropriation, take over half the islands resources (and whats up in labrador) with nalcor, slip nafta into the deal with some quebec/nb conglomerate in the background, and walk away with hundreds of millions (if not billions) in long-term contracts (like graham eluded to) then he'd better take another look at what he's at is all.

this is not 1905, nor 1927, and it sure as hell ain't 1969. some people have more insight into his little deals than he or anybody else might think (the internet is a powerful tool if used properly).

we mightn't be able to stop the capitalist american-led fascism that has depleted the third world of most of its resources, but i bet we can make a hell of a dent it in here in the first. i for one welcome that energy corridor. load it up with those drones, it'll be funtimes.

bit off topic there...but ya gotta look long-term in all this my friend. there is absolutely no way the americans are walking away from any energy in this neck of the woods, or anywhere in canada for that matter. they've already got environmental refugees over on the west coast looking for water/land further east. won't be long before they come north at a steady march rather than biding their time in the courts and behind stocks at the rate things are going.

Wm. Murphy said...

its just that if danny williams and the rest of his lawyer buddies in there think they can pull the wool over everybodies eyes with this slick media campaign, get around bill 27 through that expropriation, take over half the islands resources (and whats up in labrador) with nalcor, slip nafta into the deal with some quebec/nb conglomerate in the background, and walk away with hundreds of millions (if not billions) in long-term contracts

You obviously have more to worry about than having the wool pulled over your eyes

Just imagine you are alluding to the fact that the Premier of province can somehow walk away with millions/billions of dollars and "take" over half of the province's resources. Are you playing with a full deck? This is not a banana republic or the back wash of Libia or Venezuala...we live in a democratic state with enough checks and balances to ensure that these tings do not happen..

As to your comment that "we mightn't be able to stop the capitalist american-led fascism that has depleted the third world of most of its resources", It appears that you have been hit in the head while watching a weekend marathon of Michal Moore movies

The first order of business is to stop googling big words and relax with an Archie comic and stay in the shallow end.

You obviously have no idea of what you are talking about.

Wm. Murphy

Lonenewfwolf said...

why did he remove nalcor's books from legislative oversight? you tell me, you're the banker.

i obviously have a different pov than you, but it's nonetheless valid.

the americans want our energy and water, they've even said so. where did the us ambassador go on his trip to SJ's?? Nalcor's head office my friend, NO WHERE else.

micheal moore? you mean that wanna be canadian? naw, i prefer film to that trash. he's not educating me my friend, i took the hard road around the world and had a look for myself before i made judgement on the americans (and a few of us 'nice' canadians).

you think danny williams isn't in this for himself? take a guess at his portfolio...how many energy, oil & gas contracts u think him and his buddies have lined up for the next twenty or so years? come on bye, all ya gotta do is follow the money, and look backwards from there to see the trail he made!!! sure a monkey could do that.

and keep your opinions about my sanity to yourself until your blood pressure reaches safe levels. i get bored with old guys who protect the old ways of doing business so they can go about their lives as they always have, and not feel guilty about it.

i have just as much right to express my opinion on this topic as you do, and I don't think I even see one from you.

WJM said...

know for certain the americans are very interested in the energy and water in labrador

Water?

WJM said...

why did he remove nalcor's books from legislative oversight?

The same reason he has removed everything that he can from oversight, legislative and otherwise: he hates to be questioned or gainsayed.

Wm. Murphy said...

Yes Mr. Wolf...you have every right to express your opinion. I apologize for passing on my comments... I now realize that I am totally out of your league.

I hope that things work out for you...

Wm. Mrphy

Lonenewfwolf said...

wjm,

i'd say they're doing some big deals in exchange for long-term contracts.

lets not kid ourselves, the americans are in this for the long haul and they're coming for the water and energy at some point. nl is just an easy target for them. we're relatively poor, have very little activism or democracy, and total government control over lots of resources.

we're talking about billions of dollars here, these guys are not messing around with that kinda money on the table. what would a greedy white guy do for that much money? lets go asking around in places like africa, indonesia, or india. they've been practicing their 'art' for the past 200 years all over the world, its just that now they need security at home and the energy resources are what you secure first when you have a need to keep the machine rolling at all costs.

water for sure. that comes after the hydro. it fits perfectly with the energy corridor idea. they're looking at establishing large-scale protected areas as part of all this too...if you follow me.

banker...you can take a rest, its ok. the rest of us will keep working on the important stuff. you just keep counting the money and hitting your golf balls around.