• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 10 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 2 days Wind droughts
  • 5 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 9 hours Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 4 hours ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 3 days Oil Prices Fall After Fed Raises Rates
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 11 days "Russian oil executive and Putin critic Ravil Maganov dead after mysterious six-story fall" - The New York Post
  • 3 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 13 days How Far Have We Really Gotten With Alternative Energy
  • 8 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 11 days The Federal Reserve and Money...Aspects which are not widely known

Breaking News:

Gasoline Draw Sends Oil Prices Higher

Azerbaijan To Ramp Up Gas Exports To Europe By 30%

Azerbaijan To Ramp Up Gas Exports To Europe By 30%

Azerbaijan’s Energy Minister said that…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

New York Ditches Gas Pipeline Proposal Despite Soaring Electricity Bills

In an unsurprising move, the New York state authorities rejected a proposal for a new natural gas pipeline that would have supplied 400 million cu ft of natural gas daily to the state where energy demand is growing, but so is fossil fuel opposition on the highest political level.

Reuters quotes the New York Department of Environmental Conservation as saying in its reasons for the rejection of the Williams project that “Construction of the proposed project would result in significant water quality impacts from the re-suspension of sediments and other contaminants, including mercury and copper.”

 A spokesman for Williams called the issue raised by the regulator “minor” and said the company would resubmit its application and expect to get al necessary permits “quickly.”

This might be unfounded optimism: ever since the previous governor of New York, David Paterson, introduced a moratorium on fracking in New York back in 2010, the state has become a poster city for the drive towards renewable energy. Peterson’s successor, Andrew Cuomo, banned fracking indefinitely in 2014 and in 2016 blocked the construction of the Constitution pipeline that would have transported natural gas from Pennsylvania to upstate New York and New England.

Meanwhile, demand for energy has been on the rise and so have electricity bills, and not just in New York. In January, FreightWaves.com reported that residents of the Northeastern states are being increasingly burdened by high electricity bills coupled with unreliable supplies, the root cause of which is the lack of enough natural gas pipeline capacity to bring in the fuel needed for power plants.

The Trump administration has been trying hard to clip states’ wings in energy infrastructure approval processes, but it can’t take away all their powers in this respect, not if he doesn’t want to lose the support of many a Republican governor in next year’s election. So for now the status quo seems to be unchallenged. As long as New Yorkers and others in the pipeline shortage areas are prepared to pay more for electricity, the shortage will persist and probably worsen as demand continues growing.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News