Posted on 07/01/2013 8:10:56 AM PDT by raptor22
While our electricity prices necessarily skyrocket under the weight of the administration's regulatory assault in fossil fuels, the world's largest carbon emitter will spew even more, preferring economic growth over climate change hype.
President Obama's expansion of his war on coal to include existing coal plants may very well put the industry on the path to extinction, costing jobs and economic growth while raising energy prices, a huge tax on the American consumer. But countries like China and India are increasing their coal consumption, more than outpacing any U.S. reductions in coal use and carbon emissions.
His actions come as news outlets ponder why global temperatures have flat lined for the last 16 years or so — and despite the fact that the U.S. has led the world in carbon reductions for the last two decades. The increased use of natural gas thanks to a boom in fracking has helped fuel these reductions. That proves once again that technology fuels both growth and clean air.
Energy analysts say the administration's energy policies could push about one-third of the U.S. coal-fired fleet into retirement. In the first quarter of 2013, there were 900 active coal mines, down 17% from a year earlier. Last year, U.S. utilities burned 825 million tons of coal, down from 1.045 billion tons in 2007.
If Not Us ...
This would seem to be the fulfillment of Obama's goal of saving the earth by going green. Yet exports of American coal have increases as domestic production declined. Coal companies exported 126 million tons last year, up from 59 million tons in 2007, much of that to China and India. If we do not burn it here, they will burn it for us.
(Excerpt) Read more at news.investors.com ...
“If we do not burn it here, they will burn it for us.”
That pretty much says it all.
Spreading the wealth. Deflate the dollar, open the borders, its all a Marxist wet dream.
I am not China, nor is China me!
IBD EDITORIAL PING
Not to mention, if they “environmentalists” are concerned about ACTUAL pollutants that come from burning coal (such as sulfur and mercury), who do you think does a better job of scrubbing such from the flue gases, US or Chinese power plants? Obviously, environmentalist don’t care all that much about the environment, do they?
Environazis only care about their communist dictatorship.
Pray for America to Wake up
It is not fair for America to have and use our own natural resources. We must stay in our artificial position of “just another nation.”
He said that after the election he would have more freedom. Who's surprised?
bump for later read
So true, but don’t expect Barry to change his mind. Why should logic become a barrier to his ideology?
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the obozo hussein is now going to give Africa $7 Billion of US tax payer money, borrowed from China of course, to construct an electrical grid of which China will certainly need to use in their own mass expansion in Africa. How can any country ever survive this kind of crap?? It’s obviously orchestrated just for the demise of the US and this lying jackass fraud remains free to keep doing his destruction.
I wonder how long the mining and other industrial unions will continue to support Obama when they see their jobs lost because of his environmental policies?
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All they REALLY care about is promoting Socialism/Communism (except for the low information enviros that believe every word that proceedeth out of the mouth of man-bear-pig).History shows that Communist countries are notorious for polluting their own countries. Once a country goes Socialist/Communist, it can't afford all the frivolous overkill regulations to make clean energy. The money isn't there anymore.
Capitalism is clean. Socialism is dirty...in SO many ways!
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