Half the houses in America are heated with natural gas and most of them are elsewhere than the Gulf Coast. On the markets, the price of gas is now heading north of $15 a unit (1000 cubic feet). It could easily hit $20 by Christmas, which would be about 700 percent higher than the price in 2002. Everyone in the non-Sunbelt is going to feel the pain this winter, and quite a few of the poor and infirm may freeze to death.Of course, it was nothing of the sort. Natural gas prices plummeted instead.
This is going to be a whole new kind of crisis for America and will set off a new kind of political fury.
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Long live Raoul Vaneigem and the revolution of everyday life.
posted by emhutchinson at 4:38 PM on November 17, 2011