Power generation shouldn't be over-reliant on one source of fuel
NewsOK Related Articles
If an increased emphasis on gas to make power is good for the state, Oklahomans should be thrilled by recent trends, right? Yes and no. Over time, gas prices will rise; increased demand (to make power and to fuel vehicles) will translate into higher severance tax revenues. At the same time, consumers could find that moving away from coal means sharply higher electricity rates.
Oklahoma is one of only three states that encourage utilities to buy gas on long-term contracts. Oregon and Colorado are the other two. The danger is that any future surge in gas prices will be blamed on the utilities and the politicians who set energy policy. Indeed, Obama will have to answer for a policy that could see relatively cheap coal left in the ground (or shipped to China) while gas prices rise rapidly. In truth, though, he will likely be out of office before this scenario takes full flower.
The utility company presidents who are still in office have a difficult time deciding how to plan for future power demand. As much as we encourage new markets for Oklahoma-produced gas, we believe that power generation should not be over-reliant on one source of fuel and coal should not be left in the ground.
Voices Photo Galleriesview all
- 21543Oklahoma tornadoes: The 'Big Dog,' the little boy and the hug that triumphs over tragedy
- 10852Oklahoma tornadoes: Woman meets the military officer who shared the clothes off his back
- 8707Oklahoma tornadoes: Thunder reverses the role, takes a turn at cheering on the community
- 8666Finding Addyson – One family's struggle in the Moore tornado
- 8648Hobby Lobby argues case before federal judges
- 7837Blake Shelton's "Healing the Heartland" televised tornado benefit set for Wednesday at Chesapeake Energy Arena
- 7718Story behind the photo: Family members describe desperate search for one another after EF5 twister