Oh.
That would pretty much guarantee inflation as far as the eye can see.
From the Energy Information Administration's Today in Energy, April 4 (also on blogroll at right):
Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022)
In our Annual Energy Outlook 2022 (AEO2022), Issues in Focus: Exploration of the No Interstate Natural Gas Pipeline Builds, we analyze the effects on the energy market if no additional U.S. natural gas pipeline capacity is built between 2024 and 2050. In the No Interstate Natural Gas Pipeline Builds case, we project 5% less natural gas production and 4% less natural gas consumption in 2050 compared with the Reference case. We also project that the Henry Hub spot price in 2050 would be 11% higher in that case than in the Reference case.
Restricting U.S. interstate pipeline builds in our projection results in 7.4 billion cubic feet per day (Bcf/d) less interregional capacity in 2050 than in the Reference case projection, which, for example, limits the amount of natural gas that can flow from the Appalachia production region to demand areas such as the Midwest.
The higher natural gas prices that result from capacity constraints primarily affect natural gas consumption in the U.S. electric power sector, which is more price-sensitive than the residential, commercial, and industrial sectors. In the No Interstate Natural Gas Pipeline Builds case, we project 11% less natural gas-fired generation in the United States during 2050 than in the Reference case. Higher natural gas prices make natural gas less economical for electric power generation compared with alternative sources, such as coal or renewables....
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What? You forgot the entire rationale for this exercise is to raise prices enough to change behavior?
Last seen in December 10, 2021's "Vontobel: "ESG is Inflationary"".
