A recent decision to fully shutter a nuclear power plant in Southern California is putting additional pressure on power prices in that state as in becomes more reliant on natural gas. As environmental concerns continue to push power generation toward natural gas, the leanings of the Obama administration toward allowing the export of liquefied natural gas has the potential to drive prices higher. A recent report shows that more natural gas is being discovered globally as fracking becomes more prevalent, but mass export would still put upward pressure on gas prices.
In the video below, Fool.com contributor Doug Ehrman discusses the energy situation in California and the potential impact of Washington policy on domestic energy costs.
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