A new report by the US Chamber of Commerce’s Institute for 21st Century Energy reveals the effect of Gov. Andrew Cuomo's anti-pipeline stance on New York. The governor, who blocked a gas pipeline last year and another this month, might need to read this, because it reveals that his actions are having a terrible effect on his state.
In fact, the study revealed:
... the Northeast (New England, New York, New Jersey and Pennsylvania) is paying more for natural gas, losing tens of thousands of jobs and emitting more greenhouse gases than necessary thanks to “self-imposed” local “pipeline constraints.” The projected loss to the region by 2020 adds up to 78,400 jobs and nearly $7.6 billion in economic activity and “the displacement of $4.4 billion in labor income.” New York alone would see $1.6 billion less in state GDP and the loss of 17,400 jobs.
Already, Northeasterners shell out 29 percent more for gas than the US average and 44 percent more for electricity. Industrial customers pay twice the national gas average — and 62 percent more for power.
The reason why things are so bad up there is that there aren't enough pipelines. The high prices can be blamed on bottlenecks in the region’s distribution network. Hum.. too bad there's not a way to fix that. Oh wait, there is! But Gov. Cuomo doesn't like it. When he blocked the Northern Access and the Constitution pipeline, he cited water concerns. But a New York Post Board Editorial says, "these projects would’ve been as safe as (or safer than) countless other water-crossing projects that got approval — and caused no problems — over the years."
The real reason liberals hate money and job creation is simple: they put “the wishes of environmental groups ahead of the needs and interests of their constituents.” Hopefully, the good citizens of New York will remember that the next time they have a chance to go to the polls. I'm sure they'll remember that the next time they pay for natural gas.
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