SOM Alum Ed Hirs '81 Discusses Degregulation of Natural Gas
Ed Hirs '81, chief financial officer of DJ Resources, recently published an essay in the Yale Daily News discussing his thoughts on the deregulation of natural gas and the struggle for energy independence.
In his essay, he says that the promise of natural gas deregulation has been only partially realized due to insufficient pipeline activity. "There are too many gas molecules in the Rockies trying to make their way to major markets, so producers must bid against each other just to get them on the pipeline," he said.
Hirs believes the solution is to remove the Federal Energy Regulatory Commission from the equation. "Public utility-style price control regulation must end," he says. "To further our nationís goals of reducing our carbon footprint and reducing reliance on foreign oil, building much more natural gas pipeline capacity from producers to consumers is the industryís priority."
Read Hirs' full essay at the Yale Daily News website.