The following report is by The Trends Journal:
Electricity bills are likely to move up about 11 percent, according to the EIA, although prices in some areas are expected to soar. Massachusetts households buying electricity from National Grid should brace for a whopping 73-percent increase in their electric bills, according to an analysis by Power For Tomorrow, a consumer advocacy group.
In that case, a monthly electric bill that was $295 last year would be about $510 this winter.
SEE: New England States Will Likely See Punishing Natural Gas Prices This Winter
Natural gas is in short supply around the world. After Russia gradually cut off its gas exports to Europe over the past year, nations on the continent began buying any available gas to liquefy and import.
U.S. producers also began selling any extra supply to Europe, where gas prices have soared while growing far less at home.
As European utilities and factories ran short of natural gas, many switched to diesel fuel—which is the same grade of oil that buildings burn for heat.
Demand has spiked for diesel but OPEC and U.S. producers have refused to boost production to meet the sudden need, as we reported in “Oil Majors Withhold Investment in New Production” (3 Aug 2021) and “Oil Majors Use Cash to Buy Back Stock, Increase Dividends” (10 May 2022).
North America’s extreme weather last winter and summer drew down gas supplies and raised prices.
China’s heat waves this year were related to blackouts, leading Beijing to cut exports of oil and related products to protect domestic supplies.
The diesel shortage also is partly a byproduct of the COVID era.
During the COVID War, demand crashed for transport fuels. As a result, some U.S. refiners shuttered older plants and have not found it economically feasible to start them up again, in part because some would require expensive equipment upgrades.
About 17 percent of homes in the U.S. Northeast heat with electricity. However, many electricity markets in the region are unregulated, meaning that electricity prices will rise on a par with those for heating oil and natural gas, although after a lag.
TREND FORECAST: Recent history shows that public interest in renewable energy grows in tandem with rising retail prices for heat and vehicle fuel.
As costs of natural gas and heating oil rise for consumers, companies working in the green power industry will capitalize on the public’s growing frustration with fossil fuels and leverage incentives in the Inflation Reduction Act to ramp up manufacturing for an increasingly eager market.
Love it or hate it, renewable energy will be the OnTrendpreneur® opportunity of the century… that is if we are all not destroyed in nuclear war which keeps ramping up.
SEE: Americans May Be Able To Claim Over $10K In Climate Incentives Per The Inflation Reduction Act
AUTHOR COMMENTARY
I continue to remind readers of America’s good-for-nothing and bought & paid-for puppets in the Senate that voted 100-0 to ban all Russian oil imports – creating a vacuum that allowed nations like India to get cheaper deals with Russia, to which India then sold that same mixture of Russian crude back to the U.S. at even higher prices!
Senate Votes 100-0 To Permanently End Trade With Russia And Bans Oil Imports. Biden To Soon Sign
Be that as it may, it is important to be using and looking for other heating alternatives that are not connected to the grid, as to conserve costs and of course stay warm. When you do have the heat on, keep it quite low and bundle up, and deal with it.
[5] Now therefore thus saith the LORD of hosts; Consider your ways. [6] Ye have sown much, and bring in little; ye eat, but ye have not enough; ye drink, but ye are not filled with drink; ye clothe you, but there is none warm; and he that earneth wages earneth wages to put it into a bag with holes. [7] Thus saith the LORD of hosts; Consider your ways. Haggai 1:5-7
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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everyone needs to get a wood burner, get hand saws and an axe or 2 for sawing and chopping wood, get some cast iron skillets to cook outside and a cast iron dutch oven, when cooking outside you can cook on a open fire also you can dig a hole fill it with charcole and cook as well, your food will taste very good cooked outside.
everyone needs to use the brains God gave them in order to survive what is coming, learn how to live the way the pioneers lived, grow your own fruits, veggies, hunt your meat and learn how to fish, learn how to can and build a fruit cellar for storage. I am thankful I know modern living as well as pioneer living,