Could This Obama Policy Keep California Crippled?
Jun 14th 2013 9:57AM
Updated Jun 14th 2013 11:05AM
A recent decision to fully shutter a nuclear power plant in Southern California is putting additional pressure on power prices in that state as in becomes more reliant on natural gas. As environmental concerns continue to push power generation toward natural gas, the leanings of the Obama administration toward allowing the export of liquefied natural gas has the potential to drive prices higher. A recent report shows that more natural gas is being discovered globally as fracking becomes more prevalent, but mass export would still put upward pressure on gas prices.
In the video below, Fool.com contributor Doug Ehrman discusses the energy situation in California and the potential impact of Washington policy on domestic energy costs.
There are many different ways to play the energy sector, and The Motley Fool's analysts have uncovered an under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations, and poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out the special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.
The article Could This Obama Policy Keep California Crippled? originally appeared on Fool.com.Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.