The
first decent explanation I've heard regarding the astonishingly-high, bankruptcy-worthy natural gas prices in California these last two winters:
But why? We've had cold winters before, and the price of gas has increased only modestly. The answer is related to a seeming mystery: December prices were also well above average in 2021 even though winter was fairly warm that year. That doesn't make sense.
The problem was a pipeline from Texas that exploded in Coolidge, Arizona, earlier in the year and killed a person. The pipeline is operated by Kinder Morgan, and another one of their pipelines had exploded in Tucson in 2003. For this reason, the town of Coolidge was none too eager for the pipeline to reopen, and the NTSB was cautious too because they couldn't figure what caused the explosion. This cut off one of California's sources of natural gas, which made it difficult to get enough supply during winter months.
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