Comments on: The Power Behind the Pipelines: Atlantic Coast Pipeline https://www.frackcheckwv.net/2017/06/08/the-power-behind-the-pipelines-atlantic-coast-pipeline/ Just another WordPress site Wed, 14 Feb 2024 02:06:39 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: S. Thomas Bond https://www.frackcheckwv.net/2017/06/08/the-power-behind-the-pipelines-atlantic-coast-pipeline/#comment-203415 S. Thomas Bond Sat, 10 Jun 2017 16:14:58 +0000 http://www.frackcheckwv.net/?p=20144#comment-203415 The AC pipeline appears to be not so much a service to customers, but a failsafe investment for banks and a guaranteed moneymaker for the corporations building it. Since the utilities work on a cost-plus basis, and their legitimate debt to the financing banks, it is hard to see how the scheme would fail. It will inhibit change to carbon dioxide free methods of generating electricity, which are capable of rapid advancement. As other methods of generating electricity develop, a smaller and smaller number of customers will depend on electricity from gas. Obviously, this is another scheme of the oil and gas industry to retard the inevitable future, which will result in damaging consequences for all of us. Tom Bond, Jane Lew, Lewis County, WV The AC pipeline appears to be not so much a service to customers, but a failsafe investment for banks and a guaranteed moneymaker for the corporations building it. Since the utilities work on a cost-plus basis, and their legitimate debt to the financing banks, it is hard to see how the scheme would fail.

It will inhibit change to carbon dioxide free methods of generating electricity, which are capable of rapid advancement. As other methods of generating electricity develop, a smaller and smaller number of customers will depend on electricity from gas.

Obviously, this is another scheme of the oil and gas industry to retard the inevitable future, which will result in damaging consequences for all of us.

Tom Bond, Jane Lew, Lewis County, WV

]]> By: S. Thomas Bond https://www.frackcheckwv.net/2017/06/08/the-power-behind-the-pipelines-atlantic-coast-pipeline/#comment-203383 S. Thomas Bond Fri, 09 Jun 2017 21:52:32 +0000 http://www.frackcheckwv.net/?p=20144#comment-203383 I think the last paragraph tells the tale. Once the pipelines are installed the profit is a sure thing for the investors. The gas is sold through cost plus utilities, and no matter how few or poor the customers are, they will pay for the gas, which will pay all the way back to the investors as expenses of the utilities. The accounting leaves no place for technology change, whether it be renewables, efficiency, or even improvement in technology of gas generated electricity. No expense for the tons of carbon it costs the environment either. Social security for the rich. Tom Bond, Jane Lew, Lewis County, WV I think the last paragraph tells the tale. Once the pipelines are installed the profit is a sure thing for the investors. The gas is sold through cost plus utilities, and no matter how few or poor the customers are, they will pay for the gas, which will pay all the way back to the investors as expenses of the utilities.

The accounting leaves no place for technology change, whether it be renewables, efficiency, or even improvement in technology of gas generated electricity. No expense for the tons of carbon it costs the environment either. Social security for the rich.

Tom Bond, Jane Lew, Lewis County, WV

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