When you read
the linked article, think about the cost of wind and solar, each up to six times more expensive for the consumer than electricity produced from conventional sources (natural gas and coal).
Fitch believes that the ongoing low natural gas prices in the U.S.
continue to have a positive effect on many issuers, particularly in
energy-intensive manufacturing sectors like refining, chemicals, and
fertilizers.
However, low natural gas prices have pressured electrical utilities
and others that depend on the sale of excess power and continue to put pressure
on exploration and production companies with significant spot exposure to North
American natural gas.
Surging domestic oil and gas output has been beneficial from a macroeconomic
perspective. The December U.S. trade deficit narrowed by 20.7% ($38.5 billion)
largely based on an all-time record export of petroleum products and the
smallest amount of oil imported in 16 years. Over the near term, we believe this
export activity will continue.
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