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SeniorARK
Editorial:
DON'T SUCK
GAS---AGAIN
You've
done it at the gas pump. Refuse to do it in your
furnace! Our suppliers are saving big time. Why is it
not being passed through to consumers?
You CAN make a difference!
Updated December 12, 2008
Falling natural gas prices, which have dropped far below a December (2005) peak of more than
$15 per million British thermal units,
have prompted one energy company to curtail production,
but others haven't jumped on that bandwagon. Analysts
say Oklahoma City-based Chesapeake Energy Corp.'s plans to cut production by 6
percent exemplifies how players in an industry lacking
an OPEC-like body to control production can react to a
lull in prices.
Natural gas futures at 2:30 pm EST, December 12, 2008
were trading at $5.50 for January delivery.
That is NEARLY ONE THIRD the December 2005 price!
So why are we still paying the high
prices triggered by the sharp increases
experienced in December 2005???
Local natural gas utilities are beginning to respond,
realizing that these savings must
AT LEAST
APPEAR to be passed
on to the consumer. Gas prices at the wholesale level
are less than half
what
they were December 2005. And yet we are beginning to hear
that utilities are planning on reductions to the
consumer of only 4 to 12%.
NATURAL GAS PRICES AT THE WHOLESALE LEVEL HAVE BEEN
REDUCED 50% since
December 2005 FOR OUR GAS COMPANIES.
This is an outrage. The Senior who has been gouged at
the gasoline pump for the last three years or so, should
not sit and take another gouging at the basement
furnace.
Your state regulators need to hear from you today.
STATES REGULATE what the gas company can charge you for their gas.
This is very different than how gasoline prices are set.
Regulators are controlled by your elected officials.
Email, or snail mail your elected officials today and
tell them you will not stand for another gouging. Go to government/links , look at the State and Local Government
Resources
section. In the left hand column you will
see three sections in RED. Click on those links
and you will be able to find the folks in your state who
can do something about it.
This is a
powerful weapon. Good luck to us all. I am emailing
Governor Rendell in Pennsylvania today!
Bob
Fassbach, Editor, www.seniorark.com |
