By Luther Turmelle
New Haven Register
A study funded by trade groups representing the oil and natural gas industries is predicting dire consequences for New England if the region doesn’t improve its energy infrastructure by the end of the current decade.
The 68-page report released Thursday was prepared for the New England Coalition for Affordable Energy, a Boston-based advocacy group. But it was sponsored by two energy trade groups, the American Petroleum Institute and America’s Natural Gas Alliance.
The report predicts that homes and businesses across the region could collectively pay $5.4 billion more than what they are paying now for energy costs. It also claims the region could be facing 167,000 jobs lost or not created as a result of higher energy costs.
The combination of higher energy costs and lost jobs would reduce the amount of disposable income available to New England by more than $12 billion.
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