July 19, 2006 at 10:38 PM #6940FormerOwnerParticipant
Here’s what I found out when I started looking into why my So Cal Edison bill jumped up so much recently:
“Natural gas is used to generate more than half of the electricity SCE delivers to its customers…The cost of natural gas has more than doubled…”
Here’s So Cal Edison’s website with more info:
So we are in for a witches brew of economic problems all hitting at once:
*Rising interest rates
*Potential for a falling dollar
*Crashing housing market
*Bank failures and layoffs due to the above
*Rising oil/gasoline costs
*Rising natural gas costs
*Rising electriciy costs
*Rising global temperatures requiring even more electricity at the now higher rates
*Social/security medicare debacle
*Trade defict/national debt debacle
…I’m sure I could think of some others…Man!July 19, 2006 at 10:45 PM #28924qcomerParticipant
Rising oil/gas costs may not stay here for long term.
http://www.bloomberg.com/apps/news?pid=20601087&sid=akcF0U0fhysw&refer=homeJuly 19, 2006 at 10:46 PM #28925waiting hawkParticipant
Funny u posted this. My bill is $360 for a 1400 sqft house!!!!!July 19, 2006 at 11:05 PM #28929North County JimParticipant
Natural gas is used to generate more than half of the electricity SCE delivers to its customers…The cost of natural gas has more than doubled…
Interesting claim. Natural gas had a huge run from July 2005 until December. During this period, it doubled from about $7.50 to $15.00. It has since given back all of those gains and now trades at around $6.00.
What am I missing here?
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