Prepare Yourself: Obama's War On Coal Will Lead To Electricity Price Hikes and Blackouts
Home » Financial » American Finance » Prepare Yourself: Obama’s War On Coal Will Lead To Electricity Price Hikes and Blackouts

Prepare Yourself: Obama’s War On Coal Will Lead To Electricity Price Hikes and Blackouts

Prepare Yourself: Obama’s War On Coal Will Lead To Electricity Price Hikes and Blackouts

Liz Bennett | Apr 12, 2014

News reports tell us that he who thinks he is God, President Obama, is urging the Russians not to cut the gas supply to Ukraine as it could provoke the start of a humanitarian crisis because millions of Ukrainians may not be able to heat their homes next winter.

The same man has declared a war on coal, and indirectly on the American people, based on spurious ‘climate science’ and the need to reduce carbon emissions by closing down coal fired power stations. This will leave millions of Americans unable to turn on the lights or heat their homes and businesses.

By 2015 all power generators in the United States will have to comply with the new Mercury and Air Toxics Standards. With little choice but to comply power generators have started to retire coal fired power plants that do not comply with the new regulations. Dozens of coal fired power station are destined to close, you can see a full list here.

Last winter was the coldest in many years, with many young Americans never having experienced weather like it. Even though last winter was exceptional the United States is no stranger to brutal winters with  feet of snow, as well as freezing rain and ice storms.

Mike Duncan from The American Coalition for Clean Energy told Fox News:

“Regulation from five years ago is closing about 20 percent of the coal plants. Regulations being proposed now could close an additional 20 percent of coal plants. And that creates huge stresses — we’re just not ready for anything like that in this country,”

Last winter American Electric Power (AEP) had to run almost 90% of the plants destined for closure at full capacity in order to meet demand. They are concerned about what will happen when those plants are shuttered and cannot be brought back online to help  keep our  lights on and our homes warm.

A report by America’s Power also indicates that there are problems ahead if the EPA continue down this path. They predict huge price rises in the cost of electricity and the loss of almost 3 million jobs:

The NERA analysis found that NRDC’s plan could cost consumers $13 billion to $17 billion per year in higher electricity and natural gas prices. Ratepayers in most states could face double digit electricity price increases. NRDC’s updated analysis now projects no costs at all. NERA also found that NRDC’s proposal could cause job losses totaling as high as 2.85 million between 2018 and 2033. By comparison, NRDC projects that its proposal would increase jobs. (source)

The report goes on to say that there will be reliability issues with demand not been met in extreme weather situations, be that winter cold, or summer heat.

Senator Lisa Murkowski (Republican Alaska) told a senate hearing this week that the grid was at its operational limits.

via Prepare Yourself: Obama’s War On Coal Will Lead To Electricity Price Hikes and Blackouts | Underground Medic.

Be Sociable, Share!

You must be logged in to post a comment Login

http://ad4.liverail.com/?LR_PUBLISHER_ID=26258&LR_SCHEMA=vast2-vpaid&LR_VERTICAL=preroll&LR_URL=[page_url_macro]&LR_AUTOPLAY=0&LR_CONTENT=6&LR_MUTED=0&LR_VIDEO_ID=[player_videoid_macro]&LR_TITLE=[video_title_macro]