Posts Tagged ‘new permits’

Electricity Rates WILL Skyrocket: Obama EPA Regulations To Cost Coal Industry Extra $180 BILLION

June 11, 2011

Gateway Pundit came up with this further proof that Barack Obama truly is the worst president to ever occupy the White House.

For the record, nearly HALF of America’s electricity comes from coal.

Obama’s EPA Regulations Will Cost Coal Industry $180 Billion & Cause Electricity Rates to Skyrocket
Posted by Jim Hoft on Wednesday, June 8, 2011, 8:03 PM

Worst. President. Ever.
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 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, on Wednesday it was reported that Obama’s energy plans will cause electricity rates to necessarily skyrocket…
Just as he promised.
Via US News and World Reports:

Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data.

Overall, the rules aimed at making the air cleaner could cost the coal-fired power plant industry $180 billion, warns a trade group.

“Many of these severe impacts would hit families living in states already facing serious economic challenges,” said Steve Miller, president of the American Coalition for Clean Coal Electricity. “Because of these impacts, EPA should make major changes to the proposed regulations before they are finalized,” he said.

The EPA, however, tells Whispers that the hit the industry will suffer is worth the health benefits.

For the record… For every green job created by the Obama EPA, four jobs are lost in the economy.

This man is out to “fundamentally transform” America in a way that will fundamentally destroy America.

And he’s out to hurt ordinary Americans and make their children suffer.

Who do you think is ultimately going to pay this $180 billion TAX that Obama is imposing?  If you guessed “the poor bastard customers” you win the prize.  If you guessed anybody else, then you’re frankly too stupid to vote or reproduce.  Please terminate your voter registration and then go sterilize yourself.

The next question is just as simple: if you make energy prices skyrocket on businesses, are they going to be in a position to create more jobs?  If you think businesses are more likely to create jobs facing such gigantic price-hikes on their energy, I hope that you have already been spayed or neutered.  Because you are simply unreal stupid.  And this kind of dumb has got to end if this country is going to make it to the next generation.

If that isn’t enough, liberals are actually pushing a $1.00 a gallon tax on gasoline to force Americans to purchase the electric cars that Obama imposed on GM after Obama fired the GM CEO and after screwing GM bondholders in order to illegitimately give the company to unions.  It was Obama’s corporatist-fascist (see also here) mouthpiece pushing a huge gas tax to force Obama’s crappy electric clown cars on people who would never want it unless Big Brother made them buy it.

After screwing the legitimate owners of GM, Obama imposed a $16 billion loss for the American people.  But it’s only your money – and your money rewarded Obama’s union cronies who will of course return the favor to Obama with more of your dollars.  In the case of Chrysler, Obama demonized and threatened bondholders, with the result that he practically gave Chrysler away to a foreign company (Fiat).  And actually took credit for all of this as though it were a good thing!!!

Meanwhile, Obama is granting so few new permits for new oil drilling it is positively unreal, which will only make America more dependent on foreign oil and only make that heating oil and gasoline more and more expensive for us both now and down the line.

We now know what “hope and change” looks like: it looks like the American people freezing in the dark at night in the winter and sweltering in the dark at night in the summer, while all the while subsidizing huge write-offs to incentivize the purchase of electric clown cars.

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