Posted on 05/23/2012 4:25:02 AM PDT by radioone
Obama’s War on Coal has already taken a remarkable toll on coal-fired power plants in America.
Last week the U.S. Energy Information Administration reported a shocking drop in power sector coal consumption in the first quarter of 2012. Coal-fired power plants are now generating just 36 percent of U.S. electricity, versus 44.6 percent just one year ago.
It’s the result of an unprecedented regulatory assault on coal that will leave us all much poorer.
Last week PJM Interconnection, the company that operates the electric grid for 13 states (Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia) held its 2015 capacity auction. These are the first real, market prices that take Obama’s most recent anti-coal regulations into account, and they prove that he is keeping his 2008 campaign promise to make electricity prices “necessarily skyrocket.”
(Excerpt) Read more at foxnews.com ...
On Instapundit: Well, that’s one promise he’s kept: “Under my plan . . . electricity rates would necessarily skyrocket.” I think it’s close enough to score as a kept promise.
The bastige nailed our local plant.
[which had already installed the required draconian ‘clean air’ stacks and upgrades *years* ago]
*Nothing* visible came out of that place after the upgrades.
Our electric bills are *insane*.
Electricity rates not doubling or tripling, but going up 8 times or more. Did I read that right?
Tax cuts will end in January, Obamacare kicks in, higher energy prices and the European debt and banking crisis. Yup, if he gets back in head for the hills.
Progressives are so brilliant that they will illuminate everyone’s home with the light of their intelligence, wisdom and love instead of electricity.
/s/
Ping for any Republican marketing genius that might be working today.
That’s when obama becomes the tyrant that he really is.
How convenient is this timing to completely cripple the U.S. after his planned re-election
My advice: cling to your bibles and especially your guns.
Twitter,Facebook and call your Congresscritters.
This will take money out of everyone’s pocket, not just the folks in 13 states, because the use of coal is nationwide.
I’ve converted all the appliances (as practical) in my house to gas.
Regardless of whether this blatant attack on our way of life continues into 2013, natgas is the fuel of the near future.
Plug your coffee pot into Obama’s Solyndra and see how warm your java will get.
In a sane world Obama would suffer huge losses in Ohio, Pennsylvania, West Virginia, and Virginia because of coal.
But it seems we now longer live in a sane world so I am not sure of the Nov outcome.
All of Obamacrap should be reversed come January, 2013.
Lord willing and the crick don’t rise.
The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt.
Will natural gas for heating,cooking, hot water and clothes dryers remain cheap while natural gas is gobbled up at high prices for electricity generation?
It’s one component of the final price of electricity; it’s impossible to know how much this projects into the actual electricity bill. Think of it as higher prices for truckers getting food to the grocery store
“Under my plan . . . electricity rates would necessarily skyrocket.”
It seems like this would be a great campaign ad for Romney
in states like PA, etc.
“All of Obamacrap should be reversed come January, 2013.”
I agree, but...a lot of the damage is done, permanently. A lot of business decisions on this scale are done 5,10,20 years out...any business will have to consider that anything Romney or any Republican in the future does is no more than four years away from being reversed by a Socialist/ environment nut.
There are far cheaper things to do to reduce your cooling bill than that, I’m sure...
Water your roof. Install thermal radiant barriers in your attic. Draw cooling air through your basement with an attic fan.
This is an energy cliff.
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