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  • Obama’s EPA Regulations Will Cost Coal Industry $200 Billion & Electricity Rates to Skyrocket

    06/08/2011 7:53:27 PM PDT · by SanFranDan · 49 replies · 1+ views
    GatewayPundit ^ | 6/8/11 | Jim Hoft
    In January 2008 Barack Obama told the San Francisco Chronicle: “Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.” He promised that his plan would cause electricity rates to skyrocket. He wasn’t kidding. In January, 2011 the Obama Administration, for the first time ever, blocked an already approved bid to build one of the largest mountaintop removal coal mines in Appalachian history. And, today it was reported that Obama’s energy plans will cause electricity rates to necessarily...