Fundamentals in the energy markets are converging to increase the need for incremental gas storage.
IOUs take action, but other overriding forces will affect prices in the near term.
Greater reliance on gas-fired power implies serious economic, technological, and national security risks.
EU nations are taking slow steps toward an integrated energy market, but they are many paces ahead of U.S. efforts.
Despite recent setbacks in establishing an acceptable balance of voting power among member nations, a new constitution for the European Union (EU) is expected to bring together dozens of separate nations into a single economic and political superpower and lead to an interconnected energy market throughout the European continent-one that will eventually stretch from Portugal to the Baltic Sea and from Ireland to Greece and perhaps beyond.
Perspective
Hopes and dreams sag and fail, like an overheated power line.
The big blackout has reinvigorated the debate about deregulation, snaring hopes and dreams and bringing them back to Earth. For there can be no doubt that electric restructuring, through its emphasis on market prices and market incentives-but none for transmission-contributed mightily to the recent collapse.
Letters to the Editor
To the Editor:
Technology exists to sequester carbon-but will utilities ever buy in?
The vision: A nation filled with new, coal-fired power plants that provide inexpensive, secure power for Americans, while emitting few pollutants and sequestering the carbon dioxide produced. In other words, a power plant that not only industry and environmentalists can agree on, but one that utilities can finance and operate profitably.