Obama: “…electricity rates will necessarily skyrocket.”

The Obama Administration continues to move forward with plans to completely shut down the American coal industry, as a record 57 coal-fired power stations are slated for shutdown in 2012. According to the U.S. Energy Information Administration (EIA), 175 coal-fired generators that collectively represent a whopping 27 gigawatts (GW) worth of electricity-generating capacity are set to retire between 2012 and 2016. Source: http://www.naturalnews.com

“The Obama administration has done everything it possibly can to destroy the American coal industry,” says Mike Carey, chairman of the Ohio Coal Association and vice president of government affairs at the Murray Energy Corporation. “Under Obama’s leadership, we have gone from producing 1.2 billion tons to somewhere in the neighborhood of 800 million tons. It’s disingenuous at best for Obama to say that he supports the coal industry when we have lost one-third of our production.” Source: http://www.nationalreview.com

Nationally, 175 coal-fired power plants are scheduled to be shut down from 2012 to 2016, according to an analysis by the non-partisan U.S. Energy Information Administration (EIA). Industry experts predict that over a similar time frame these closures could threaten hundreds of thousands of jobs.  According to a 2011 study by the National Economic Research Associates, two of the proposed EPA regulations could lead to a net employment loss of almost 60,000 jobs in Pennsylvania between now and 2020. The same report showed that Pennsylvania could witness average electricity prices increase by as much as 17%. Source: http://thehill.com

By outlawing new coal-fired electric generation plants and ignoring nuclear power, the Administration has set in motion a plan to make the nation dependent upon natural gas and a mishmash of politically correct but non-viable sources such as solar and wind as older plants are decommissioned. Essentially, Obama has done via regulatory means what it could not accomplish in Congress: to set the trajectory for exorbitant electricity prices in the service of reducing “greenhouse gasses.” Source: http://www.redstate.com

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