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At Rohsler s Nursery in Allendale, N.J., they ve cleared out their biggest greenhouses and consolidated their stock. Owner Bruce Rosler says he s trying to conserve energy, after his natural gas bill jumped 60 percent. I did a double take, Rosler said. We have no heat on. Why have natural gas prices exploded As CBS Ne
stanley termohrnek ws Business Correspondent Anthony Mason reports, analysts say it s simple supply and demand. Historically, we use about 1.4 percent more gas each year. This year, we re running upwards of 4 perc
stanley cup ent consumption higher than a year ago, explains Donato Eassey, a Merrill Lynch energy analyst.Blame the weather, Eassey says. Several mild winters kept usage down and hid a growing shortage of natural gas. After the price plummeted two years ago, many drillers simply stopped drilling. Higher prices have the wells working again, but it will be awhile before supply can catch up. We have some 90-day wonder wells, if you will, but basically you re looking about six to 18 months to get significant production online, Eassey says.Natural gas not only heats more than half the nation s homes. It powers most of the new electricity plants, driving those rates up too, and many states won t allow cheaper forms of energy. Nuclear power , coal 151; those kinds of sources that have been key to our growth are no longer considered environmentally acceptable, notes Bill Brier of the Edison Electric Ins
stanley usa titute. So as the gas meter ticks up, who is making all t Aavt You Don t Need To Know Math To Read This Mathematician s Watch
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