Texas electric rates drop with price of natural gas

Houston Chronicle:

Texas electricity prices may have peaked for the summer after a price drop by some retail providers.

While many retailers have held rates steady or even raised them this month, the decreases that have come are the first this year.

The lower rates followed a steep drop in the price of natural gas — a key power plant fuel that essentially sets the price of power in Texas — which has plummeted nearly 28 percent this month.

...

That is good news since we Texans are fighting global warming by running our air conditioners right now.

What is with these speculators dropping the price of natural gas. According to Democrats they are responsible for the rise in the price of energy so why would they allow the price of natural gas to fall? The drop did happen shortly after the President announced he was lifting restrictions on off shore exploration.

Democrats probably really hate the decline in prices as much as they hate the thought of more domestic production. That party is so wrong on energy that anyone who votes for them is just asking to pay more for it.

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