Saturday, March 31, 2012

Electric rates will soar now that Obama's EPA has crushed coal-fired power plants

Is the U.S. government attempting to blast America back to the Stone Age?
With the country focused on this week’s high drama at the Supreme Court, President Obama’s EPA quietly released long-delayed regulations to apply global warming rules never authorized by Congress to new coal-fired power plants. That Obama’s EPA would release a rule to destroy coal-fired electricity while the president gives stump speeches about an “all of the above” energy policy is an insult to the American people. This rule will effectively block any new coal-fired power plants from being built in America, and a second round of related rules – expected after the election, of course – will shut down existing coal-fired power plants. The result will be steeply higher electricity prices, lost jobs, and lower standards of living. Remarkably, this is all done in the name of global warming, but even EPA Administrator Lisa Jackson admits it will have no discernible impact on global temperatures. Obama’s EPA is crippling the U.S. economy not to accomplish anything, but just to enjoy a nice, warm, green feeling of self-satisfaction.
Read the rest here
Fox News