Source: Green Mountain Daily
Myth: Natural Gas is cheap and will save rate-payers money.
Because of the recent boom in hydraulic fracturing of shale in the US and Canada, unprecedented by any real use for or established systems of use for Natural Gas, we are temporarily in a period of excess supply with relatively low demand for this specific fuel. High supply + low demand = low price. But the supply is predicted to remain constant and eventually decrease (natural gas is as non-renewable as oil, no matter how sustainable the industry likes to paint it), whereas the demand is quickly rising. Natural Gas now powers many public transit systems, more and more transmission and distribution lines are popping up, and many large facilities are now set up to export liquefied natural gas (LNG, the kind that can travel by cargo ship) to Asia and other overseas markets. Also, as more and more environmental and scientific feedback emerges and industries are forced to take more and more expense-accruing precautions, the added cost will certainly not be taken out of the companies' precious profits but out of the price paid by the consumers.
The new equation becomes Lower Supply + Massive Demand + added costs not originally predicted by the industry = Skyrocketing Prices.
Many homes will spend upwards of 3,000-4,000$ (and those prices are gas industry estimates, mind you) converting from propane to Natural Gas, imagine their disappointment when they find themselves trapped in a fuel that betrayed their assumptions of saving them money in the long run. The only financial winners of this pipeline are Vermont Gas. Any attempt to defend this myth, (that the public will reap financial benefits) is just a mask donned by pipeline proponents to help our public officials save face while bending over backwards to shine the shoes of the 1