Obama’s war on coal hits your electric bill

Foxnews.com ^ | May 22, 2012 | Phil Kerpen

[radioone]

Obama’s War on Coal has already taken a remarkable toll on coal-fired power plants in America.

Last week the U.S. Energy Information Administration reported a shocking drop in power sector coal consumption in the first quarter of 2012. Coal-fired power plants are now generating just 36 percent of U.S. electricity, versus 44.6 percent just one year ago.

It’s the result of an unprecedented regulatory assault on coal that will leave us all much poorer.

Last week PJM Interconnection, the company that operates the electric grid for 13 states (Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia) held its 2015 capacity auction. These are the first real, market prices that take Obama’s most recent anti-coal regulations into account, and they prove that he is keeping his 2008 campaign promise to make electricity prices “necessarily skyrocket.”

[Roccus]

In a sane world Obama would suffer huge losses in Ohio, Pennsylvania, West Virginia, and Virginia because of coal.

He will suffer no "huge loss" in WV since he DID NOT win WV in 2008 and WILL NOT win WV in 2012.

[EternalVigilance]

The old joke is that the Democrats propose to tear down the Washington Monument, and the Republicans respond with a workable plan to do it in three stages.

Romney Republicans will not reverse what Obama hath wrought. They will simply consolidate his “accomplishments.”

And so, it is time for something completely different.

http://www.selfgovernment.us/about.html

[crosshairs]

FUBS

[cookcounty]

"Wow, the next four years look really interesting if BHO is re-elected."

His 2nd term will be so bad he'll have to resign...and then we'll get Slow Joe as President, who will boldly lead us (the rest of the way) into the Stone Age.

[Eric in the Ozarks]

You are correct.

The damage done by the Jimmah Cahtah administration continues even today.

[faucetman]

Will Obama’s “War on Coal” cost him votes in these coal producing states? Could be the difference in winning a close state. I hope Romney camp pursues this angle.

Wyoming (338,900).
West Virginia (158,257)
Kentucky (130,688) (see Coal mining in Kentucky)
Pennsylvania (74,619)
Texas (49,498)
Montana (38,352)
Illinois (33,444)
Virginia (32,834)
North Dakota (31,270)
Colorado (29,137) (see Coal mining in Colorado)
Indiana (27,965)
New Mexico (27,323)
Utah (26,656)
Ohio (22,269)
Alabama (19,324)
Arizona (13,111)

Pennsylvania, Virginia, Colorado, New Mexico, and Ohio stand out as swing states where the coal issue could be the difference in a close race. Obama shoots himself in the foot again.

[TheOldLady]

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[Entrepreneur]

Jig, can you explain how you see this affecting pricing and why it won’t be so bad?