If voters knew how America's economy would look after two terms of
President Barack Obama's administration, Mitt Romney would win in a
landslide.
In the 2008 campaign, President Obama told the San Francisco Chronicle
that the "notion of no coal...is an illusion." He noted that he favors a
cap-and-trade system "[s]o if somebody wants to build a coal-powered
plant, they can. It's just that it will bankrupt them because they're
going to be charged a huge sum for all that greenhouse gas that's being
emitted."
While Obama did not get to implement cap-and-trade, he found other ways to shut down coal burning power plants.
In the name of a rigidly anti-prosperity ideology, Obama's
administration, through the Environmental Protection Agency, is
continuing its war on jobs and reliable sources of energy. And like most
onerous regulations, the true costs are not immediately visible.
As announced by Lisa Jackson, the chief EPA Administrator, three new
regulations for air emission standards have been announced, which will
cost American consumers more than $13 billion per year. Also, according
to estimates by the Senate Republican Policy Committee, other rules
dealing with coal ash and air could cost an additional $90 billion
annually.
Obama's claim to have an "all-of-the-above" energy strategy is a ruse.
Instead, his administration seems determined to extend our economic
recession, while government bureaucrats find creative ways to make
energy more expensive.
More than 2,000 employees of the coal industry were laid off this year,
and that industry expects 10,000 more layoffs in direct and related
jobs. In addition, as reported by Human Events, leaked documents from
the Obama administration estimates that one rule on water quality
requirements will be responsible for an additional 7,000 fired workers.
The new regulations are so extreme that, in effect, they require all new
power plants must be powered by natural gas, an imperfect fuel.
This may make the natural gas lobbyists who work with the Obama
administration happy, but the incredible amounts of methane expanded
natural gas would not please environmentalists.
In five months, natural gas prices have increased by 52%, with the Obama
administration's rules largely to blame. According to Reuters data, as
demand is expanding globally, natural gas is quickly approaching a price
which is $2 more than the same per unit, which results in higher energy
prices for cash-strapped consumers who already heat their homes with
natural gas.
Even though industry has been able to dramatically decrease noxious
pollutants from coal over the past 40 years, Obama's heavy-handed rules
have slashed coal production by one-third. In my state of Ohio, the coal
industry has been devastated by drastic EPA regulations.
As you can see from this map, 175 fully-functional coal burning plants
are being retired across the country, which puts further strain on our
outdated energy grid while putting thousands of employees out of work.
Environmentalist groups aligned with the Obama administration, such as
the Sierra club, are happy to see coal burning plants shut down, and
have nearly 400 more plants targeted. But with the White House's
emphasis on efficient "green energy" such as solar panels, they would
not want to see the recent Heritage Foundation study which shows such a
switch would increase a family's $200/month energy bill to $700.
President Barack Obama is playing favorites with sources of energy,
while destroying jobs and hurting consumers. America is in desperate
need of a new direction on energy policy
Monday, October 1, 2012
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