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Quotes"These new efficiency standards are part of a long-term solution to the energy challenges we face. Clean energy technologies will reduce our dependence on foreign oil, air pollution and long-term energy costs." - Massachusetts Governor Mitt Romney, signing into law "An Act Establishing Minimum Energy-Efficiency Standards for Certain Products", November 22, 2005
"We are aggressively trying to site new (natural gas) facilities but our efforts have been stymied."
"ISO New England continues to be concerned with the need for new generating resources...we could be short as early as 2008."
"The solution here is obvious: We need to be diversified. Investors spread their bets around because don't know which stocks will do well and which will do poorly. We need to do the same with sources of energy because, in truth, we don't have a clue what will happen to their prices in the future."
"To meet this growing demand and to prevent transmission congestion, we must expand our electric infrastructure -- the network of power plants including renewable facilities, electric transmission lines, natural gas pipelines and LNG terminals that help to generate electricity in the region."
"The financial case for existing nuclear plants has been enhanced by the improved productivity of the plants in recent years and the many owners success in getting their licenses renewed for an extra 20 years. If new reactor designs prove as safe as hoped and if progress is made on waste disposal, proliferation prevention and protection against terrorism, nuclear power will deserve a chance to compete in the market against other sources of power that do not emit CO2."
"The one smart feature of the Republican energy bill passed by the House in April and now moving through the Senate is the effort to breathe new life into American's stagnating nuclear energy industry."
"Today's tight natural gas markets have been a long time in coming, and future prices suggest that we are not apt to return to earlier periods of relative abundance and low prices anytime soon . . . Markets need to be able to effectively adjust to unexpected shortfalls in domestic supply. Access to world natural gas supplies will require a major expansion of LNG terminal import capacity. Without the flexibility such facilities will impart, imbalances in supply and demand must inevitably engender price volatility."
"Since the second half of the '90s, the prices for natural gas have doubled, placing a burden on the economy and portending a shortage... LNG will become an essential element in balancing the market... Today, LNG supplies about 2% of U.S. natural gas needs. We anticipate that by the year 2020, LNG could be providing 25% to 30% of the country's total natural gas needs... It is on track to become a very major factor in America's energy picture... However, we're on a considerably higher price plane for natural gas nowadays. LNG supplies are going to be essential to getting us down to a lower level."
"The only way we can ensure that America reduces its dependence on imports is by exploiting technology to make ourselves more energy efficient and to start moving away from fossil fuels."
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