US Industrial Natural Gas Consumers Could See 56% Higher Bills With Methane Leak Price

ChatGPT & DALL-E generated create a panoramic image of an infrared view of methane leaking from a natural gas processing facility, dollar signs in the plume

Until recently, most people thought that natural gas was an innocuous bridge fuel, not entirely carbon free, but much, much better than coal. Thein natural gas, a random term that stuck decades ago and became ubiquitous, didn’t hurt. The fossil methane industry must bow down to the gods of lucky marketing annually and sing hosannas to whoever came up with it and whatever circumstances made it stick.

But most Americans don’t care about that. Nor, frankly, do most people in the world compared to the pressing concerns about income, security, and who will be kicked off of whatever reality show is hot right now. No judgment. People are people and hence human. One of my metrics for whether a climate solution will work or not is whether it requires human beings to change en masse. If so, it’s not a solution. Accept human nature. Exploit it if you can.

But that doesn’t mean it won’t affect them. Costs that the oil and gas industry incur get passed on to consumers. In general, costs get passed on with a markup, but for this exercise, let’s pretend that the natural gas industry in the USA will be a virtuous entity and only increase consumer prices as much as production, processing, distribution, and methane prices increase.

Let’s start with a hundred tons of natural gas, just because the United States methane greenhouse gas price is in tons. Actually, it’s in metric tons not in Imperial tons, long tons, or short tons, measures the USA insists on using. A metric ton is 2,000 kilograms, those weird units that every other country in the world adopted long ago. This doesn’t help anybody in the USA figure out the implications.

What is clear is that nobody believes the 1.4% numbers any more. The 3% numbers are most likely to be charged and hence passed on. That’s not too bad initially, only 4.5% extra on bills for commercial users, a little lower percentage for households and a higher percentage for industrial consumers, once again assuming a straight pass through of costs.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A lawsuit accuses a gas stove manufacturer of failing to warn consumers about pollution risksA consumer watchdog says Haier U.S. Appliance Solutions, which is also known as GE Appliances, broke a Washington, D.C., law against “deceptive and unconscionable business practices.”
Source: NPR - 🏆 96. / 63 Read more »