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Energy plans.

Publication: Economic Review
Publication Date: 01-MAY-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
It is well known that we do not we the resources to meet even our basic energy requirements and we seem to behave as if all we have to do is to extend piping to wherever we want to cover the availability of natural gas. This is similar to our attempts to solve the economic crisis by printing...

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...more and more bank notes. We just do not hear the all important word "conservation" without which we are really doomed. Even if we can import natural gas, it will be at international rates, which are much, much, higher than our already unaffordable gas prices. Even Iran is talking of $8 per MMBTU for the gas pipeline reject vs. our present industrial gas tariff of just over $4 per MMBTU. The above data again highlight our serious energy challenge, since we seem to be doing nothing to solve the basic problem we just do not have...

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