EspañolLow energy prices are good, but not that good.
Yes, we all want to pay less for our energy, gas, electricity, etc. But having historically low energy prices might hurt not only your finances but our nation’s economy as well. Why? How low energy prices can affect us? Low energy prices.
Low prices – Good or bad?
Most of us think that having lower gas prices is great. It also helps electricity prices go down – right now the prepaid energy rate is at an almost record low of $0.09 kWh. I can fill up my gas tank with $35 instead of $80 and keep a few bucks in my wallet. With this amazingly mild Texas weather in January and February, our electricity bills are running a bit lower than usual. We have to be careful though. Don’t you think this is just an unusual gas price fluctuation? Probably it is. Only the “big guys” know, since they control EVERYTHING. I have one question for them: why are you teasing us with such low gas prices? This is not right. Better than the prices are more stable than a roller coaster.
Electricity prices don’t fluctuate like gasoline because of wholesale pricing and the small time frame to buy megawatts at wholesale prices. Just like gasoline prices, the difference between one electric provider and the others is very small. Honestly, we make a difference by how we manage our energy usage and what electricity plan we choose.
While the gas prices are down, if you are saving those bucks, I’m proud of you. Keep doing it because we do not know for how long this will last. Now energy prices are rising. Be conservative, pay your Christmas bills, or simply save it. You will need it.
The Latest Gas Price Fluctuations and the World’s Economies – Low Energy Prices
What really bothers me is why this phenomenon went to the extreme. This could turn into a nightmare. The most powerful countries’ economies depend on oil; they are not happy. Collapsing the economy of such countries may bring fatal consequences; we do not want to see the Iranians or the Russians angry, Dubai is not the same. In the ’60s, it was driven by its oil reserves. Now it’s changing (by Wiki). The emirate’s Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services.
Low energy prices are good
Oil and American Jobs
My opinion is that energy prices could stop falling by half of what they are. Again, this “tease” could affect more than just our pockets. https://www.msn.com/ is directly tied to oil drilling; an incalculable amount of jobs depend on gas prices. A friend of mine does 3D animation for an oil company. By mid-2014, there were 5 guys working in his department; now there are only 2. Investing in exploration and extraction is becoming unprofitable; the stock market is unstable and you know what could happen if it collapses. The automobile industry had a boost in the past years with new electric cars. “Oil may well be the single most important commodity in the world. It says something disturbing, then, that something so important could be priced so inefficiently as to range from over $100 dollars a barrel to under $50 in the space of less than a year.” From an MSN article “https://www.msn.com/”.
Renewable Energy is the Answer
Bottom line: we need to think in our near future more about one thing: renewable energy. We will be talking more about this topic, and probably Electricity Express will be getting into this industry. Solar panels are in demand. Yes, they are a bit expensive, but they are getting better and better. It’s a great investment but think about this: in the case that “D Day” comes and there’s no way to get artificial energy; this might be the best way to get it.
Help yourself by following our blog which has all kinds of recommendations on how to save energy. At #ElectricityExpress, we’ve got your back. We know we can help.
Cheapest electricity service in Texas
Check our Power Blog for more ideas on how to save energy