Anyone following the energy markets knows that in the past few years natural gas has come to dominate the conversation – especially in the electric power market. Natural gas’ growth in the electric power industry has come at the expense of coal.
As a recent paper, co-authored by me, explains, while the fracking revolution has played a large role in coal’s decline, it is not the only factor. Government regulations are forcing a significant portion of our electric power grid to shut their doors prematurely. Unless this changes, overtime consumers will bear the brunt of higher prices and decreased employment.