The U.S. Isn’t Alone With Natural Gas Concerns
Looks like England is having some issues with the rising cost of natural gas. According to the article, natural gas is the most expensive energy source in the country.
UK January gas prices closed at a record 1.17 pounds a therm on Tuesday as freezing weather stoked fears of a gas crunch. That makes the contract more than $50 a barrel higher than U.S. gas in oil equivalent terms and 10 times the price of European coal futures, analysts at Barclays Capital said.
Update: Despite this problem, the Minister of the Environment, Dick Roche, is disappointed that there are plans for a new generation of nuclear power plants. Tranlsation: Roche wants natural gas prices to remain at their current high levels, but to go even higher. Brilliant.