Blunt Administration To Ratepayers: Hang On To Your Wallets
One of Matt Blunt's first actions as Governor-elect was to pick utility lobbyist, Andy Blunt, to run the behind the scenes aspects of his transition team. One of Andy's first acts on behalf of the Governor was to announce Jeff Davis as PSC Chair.
According to the Missourinet, here's what Jeff has to say about your utility rates.
The head of the Public Service Commission says we'll face high heating bills this winter, maybe record ones if we have abnormally cold weather.
Is this the point in the program where we say, "We told you so?"
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Heating Oil Futures Contracts
What Jeff should have said is "If you think prices are going to be high this winter, just wait. The faster demand continues to grow around the globe (namely China and India), and the slower we are to expand production in the U.S., higher prices will continue indefinitely." My suggestion to Fired Up users, add Exxon Mobil to your Ameritrade or eTrade accounts now while it's still cheap.
Yes