Tonight’s the Night

November 21, 2011

Tonight’s the night…..

 

Hurricane Swartz makes his long range winter forecast…

 

 

 

You know the guy with the bowtie?

 

 

How cold is it going to be?

 

How much snow will we get?

 

 

Remember last year?

 

We had that big snowstorm right around Thanksgiving…

 

 

What’s going on with this weather?

 

Here it is mid-November…..

 

Janet and I just got our winter clothes out

 

 

 

Dealing in the energy market

 

The one constant we discuss is temperature

 

 

Back in September

 

We were getting reports saying

 

 

 

The long range forecast calls for an exceptionally cold November

 

 

When will that start……

 

 

November 30th

 

 

 

Those statements kept pushing natural gas prices up

 

 

We held firm….

 

 

We waited….

 

 

We’ll see….

 

 

Here it is mid-November and temperatures are still in the 60s

 

Natural gas prices keep dropping

 

 

A whole market opportunity has opened up

 

 

With prices so low

 

We start to measure risk

 

 

How much lower can prices go?

 

 

 

Don’t you love this kind of stuff?

 

 

 

 

Can natural gas prices go lower?

 

 

Yes!!!

 

But there is more upside risk

 

 

 

With prices being sooooo low,

 

 

 

One cold snap and …

 

 

The market price can jump up fast…

 

 

 

It’s called the whiplash effect

 

 

 

Prices always go up faster…

 

 

And then they take their good old time coming back down

 

 

 

Now here’s my shameless HBS plug

 

 

For those businesses still buying natural gas from their local provider

 

This is a great time to lock into a very competitive fixed price contract

 

 

 

There we go….

 

I said it

 

 

Now the disclaimer…

 

 

Some circumstances may not allow you to qualify

 

            Your monthly usage may be too small

 

                                          or

           

            We find stop service notices on your bill

 

 

 

 

 

Pick it up Hutch

 

 

Let’s get back on topic

 

 

Ohhhhh…..OK

 

 

 

So……..

 

Hurricane….

 

 

What will you say?

 

 

How cold will it be?

 

 

How much snow will we get?

 

 

 

I just bought a new snow shovel last year

 

 

I’ll be ready

 

 

 

PS: This was written on Wednesday. If you want to know what Hurricane said, you will have to go online and Google it.

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By Andrew Maykuth

Inquirer Staff Writer

Pennsylvania electricity customers are skeptical they can save much by
shopping for power.

Although 88 percent of customers say they are aware they can switch to
alternative suppliers, only 45 percent have shopped, according to a statewide
survey conducted by Terry Madonna Opinion Research.

Twenty-three percent of residential customers statewide have switched,
according to the Pennsylvania Public Utility Commission. About 1.4 million
customers have switched.

Madonna and several electricity suppliers told the PUC on Thursday that
nearly a year after Pennsylvania’s retail utility deregulation went into full
effect, the public remains wary of shopping.

“There are a fair number of people who did not look into changing an electric
supplier because they didn’t believe there would be long-term savings in it,”
said Madonna, director of the Center for Politics and Public Affairs at Franklin
and Marshall College in Lancaster.

The poll results were presented Thursday at a PUC hearing on competition.

The surveys found that price was the main concern driving customers to
switch, but many said the perceived savings were insufficient to make them
switch.

Suppliers said some residential customers have recorded savings up to $300 a
year.

Madonna, who conducted his telephone survey of 801 customers in September on
behalf of Constellation Energy, said 78 percent said they would consider
switching if they could save 10 percent on their generation charge.

Many customers who declined to shop said they were happy with their current
supplier regardless of the cost.

Madonna’s findings were echoed by an Internet survey of 450 customers
conducted by AlphaBuyer, a Paoli group- buyer that markets online.

Forty percent of the customers said the savings were not worth it, said Kevin
McCloskey, AlphaBuyer’s chief operating officer. About 24 percent said shopping
was too confusing or the choices overwhelming. About 15 percent said switching
was too risky or that it was a “scam.”

Under Pennsylvania’s Electric Choice law, customers can choose a company that
markets the power. Billing is still conducted by the incumbent utility company,
which collects a fee for distributing the power.

Customers who don’t switch are still supplied by the utility at a default
rate.

Only 18 percent of customers had visited the PUC’s website for choosing a
supplier. PUC members said more customer education was needed.

“It’s perplexing to us with all the tools being made available to customers
we only see 20 percent of the residential customers shopping,” said Robert F.
Powelson, PUC chairman.

Our Perspective:

HBS has been dealing in the deregulated energy market for over 10 years. I have always been suspect of the proposed residential savings in this market.  Most of the time you are offered a floating rate that may offer minimal savings.

The opposite is true in the commercial market. There are providers offering fixed price alternatives that offer a great opportunity for savings. HBS has found great success in the PA commercial deregulated market. We represent all the major providers selling electric in the PA market.

There is no upfront cost. Deregulated savings in the energy market has been a welcomed windfall for any business in both the New Jersey and Peennsylvania market who willing to look at the opportunity.

 

Read more: http://www.philly.com/philly/business/20111111_Most_in_Pa__avoid_shopping_for_electricity_supplier.html#ixzz1ddcYbDS5

As reported in Huffington Post 11/4/11

 

WASHINGTON — House Speaker John Boehner said Thursday that any bipartisan agreement reached by the congressional deficit-reduction supercommittee will need to include some new tax revenue.

Most Congressional Republicans have signed a “taxpayer protection pledge” — devised by the Grover Norquist-led group Americans for Tax Reform — vowing not to raise taxes. When asked about Norquist on Thursday, Boehner dismissed him as “some random person in America” but later revised his comments to say that “Norquist, like millions of Americans, believes that raising taxes is not good for our economy.”

According to CBS News, Boehner insisted that Republicans would only compromise on tax revenue if Democrats were willing to take significant steps to shore up entitlement programs.

“Without real reform on the entitlement side, I’m not even going to put any new revenue on the table,” Boehner said. Entitlement programs include Social Security, Medicare and Medicaid.

Any new tax revenue would not come from raising rates, he said, but from overhauling the tax code, sweeping out loopholes and deductions in order to reduce individual and corporate rates.

“I do think that our efforts to have a flatter, fairer tax system, with our targets being 25 percent top rates for corporations, 25 percent top rates for individuals, is achievable,” Boehner said. “That means you clean out all the garbage. I think it’s very important that it get done.”

Boehner says he remains committed to helping the deficit panel succeed and that Congress should approve its recommendations if it produces a plan to curb the government’s gush of red ink. He expressed confidence on Thursday that the group would meet its goal.

//

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“I didn’t agree to set this thing up with any idea that it wouldn’t succeed,” Boehner said. “I’d love to exceed the goal, but we have to meet the goal, and I’m going to put every ounce of effort in to make sure that we do.”

Shortly after meeting with reporters, Boehner met again with supercommittee Republicans.

The panel has three weeks to come up with recommendations that would be given an automatic vote by both House and Senate.

The deficit panel appears deadlocked over demands by Democrats that it raise substantial new revenue. Republicans are united against the idea, though a GOP proposal last week counted new Medicare premiums and larger contributions from federal workers to their retirement as revenue. Republicans also assumed about $200 billion in revenue would come from the economic growth associated with reforming the loophole-cluttered tax code.

In a surprise development, the three GOP senators in the so-called Gang of Six group that forged a bipartisan deficit proposal including about $2 trillion in new revenues signed on to a letter drafted by conservative stalwart Jim DeMint, R-S.C., that called on the supercommittee to propose a solution with “no net tax increase.”

Boehner discussed a potential deficit deal with President Barack Obama this summer that would have allowed up to $800 billion in new revenues as part of a comprehensive tax overhaul bill that would have eliminated many tax breaks and used the savings to lower income tax rates.

However, the Boehner-Obama talks fell apart.

Boehner said Thursday that “all kinds of discussions” are going on now.

“I think there’s room for revenue but there’s clearly a limit to the revenues that may be available,” Boehner said.

What’s Going On

November 3, 2011

What’s going on?

 

That seems to be the big question…..

 

Everyone is asking

 

 

Marvin Gaye sang about it back in the 70’s

 

Yet we still are asking the same questions, today….

 

 

The economy almost collapsed

 

People started looking at….

 

How the government reacted…

 

 

Why did they not see it coming?

 

 

The stimulus failed…

 

 

And the people started saying…..

 

 

No More …….

 

 

The Teaparty came from a grass roots effort

 

And have grown to be a voice

 

 

They have endorsed……

 

Reducing government spending

 

Opposition to taxation in varying degress

 

Reduction of the national debt…

 

And the reduction of the Federal Budget Deficit

 

 

Their message resonated during the 2010 elections

 

As a result we saw a total shake up in Congress

 

 

Did we get any results???

 

 

The result was total gridlock!!!!!

 

 

I do not think that is what the Teaparty had in mind…

 

 

Closing down the government….

 

 

That will not resolve anything

 

 

 

Agreed…… the Government has grown too big

 

Agreed…… the Government must be held more accountable

 

 

The stimulus was needed…

 

 

But it was mismanaged

 

There was no accountability

 

It should not have been

 

 

Carte Blanche

 

 

 

All these events leading to the collapse

 

Did not happened overnight

 

 

We put faith in our elected officials

 

 

We too, turned a blind eye

 

 

Borrowing against inflated housing values

 

 

Margining accounts

 

We all allowed this to happen

 

 

We all drank the Kool-Aid

 

 

And must take responsibility

 

 

 

Now the voices are growing

 

We are the 99%

 

 

What started in New York City

 

Has grown not only throughout the US

 

But has seen its’ presence grow around the world

 

 

There is just not 1 message

 

 

They are saying enough is enough…

 

 

 

What happened to the American Dream?

 

The land of opportunity got up and went

 

 

Overseas….

 

 

 

They are calling for the end of corporate greed

 

 

Corruption and influence over Government

 

 

No more too big to fail

 

 

Where are the jobs

 

 

 

 

How long will this go on?

 

 

Is anybody listening?

 

 

 

I do not believe anybody is protesting

 

Against the successes of the few

 

 

In the past there was an unwritten law…

 

 

Let’s make this a win / win

 

 

The more you help us to become successful

 

We will work

 

To share those successes with you

 

 

That is how the American Dream grew

 

 

Each generation working to improve

 

The Quality of life

 

For the next generation

 

 

The United States was a beacon

 

Everybody wanted to come to America

 

 

 

 

We took our eye off the ball

 

After 911,

 

 

America was united

 

Patriotism was at an all-time high

 

 

Then we got involved in several wars

 

 

Without figuring out how to pay for them

 

 

There was no shared sacrifice

 

 

President Bush told everyone to go out and shop

 

 

The deficits started rising….

 

 

It took over 200 years to get to a $1 trillion dollars
deficit

 

 

Yet in less than 30years

 

It has ballooned to just under

 

$15 trillion dollars

 

 

 

There are hard and difficult decisions to be made

 

 

Not everyone is going to be happy

 

 

But are we all prepared to start sacrificing?

 

 

Are we going to commit ourselves to a worthy goal?

 

 

 

What will be the quality of life we pass on?

 

 

To our Children….

 

 

And our Grandchildren…..

 

 

 

Will we be known as the lost generation?

 

 

How did we ever….

 

 

 

Let it go so far?

 

 

 

We are the people

 

 

We must all take on a shared responsibility

 

 

Do what needs to be done

 

 

To right the ship

 

Steady the course

 

 

Fulfill the promise America

 

Has brought to all generations

 

 

 

Like our forefathers before us

 

 

 

When asked….

 

Is the quality of life we are passing on….

 

Better than that which we have experienced

 

 

Let us stand proud and say

 

 

YES!!!