Obama’s EPA Regulations Will Cost Coal Industry $180 Billion & Cause Electricity Rates to Skyrocket

Worst. President. Ever.
In January 2008 Barack Obama told the San Francisco Chronicle:

“Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.”

He promised that his plan would cause electricity rates to skyrocket.

He wasn’t kidding.
In January the Obama Administration, for the first time ever, blocked an already approved bid to build one of the largest mountaintop removal coal mines in Appalachian history.

And, on Wednesday it was reported that Obama’s energy plans will cause electricity rates to necessarily skyrocket…
Just as he promised.
Via US News and World Reports:

Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data.

Overall, the rules aimed at making the air cleaner could cost the coal-fired power plant industry $180 billion, warns a trade group.

“Many of these severe impacts would hit families living in states already facing serious economic challenges,” said Steve Miller, president of the American Coalition for Clean Coal Electricity. “Because of these impacts, EPA should make major changes to the proposed regulations before they are finalized,” he said.

The EPA, however, tells Whispers that the hit the industry will suffer is worth the health benefits.

For the record… For every green job created by the Obama EPA, four jobs are lost in the economy.

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  • burt

    Thanks, West Virginia! You voted for this.

  • vagabond trader

    How is that Ubama love going in coal country? Keeping the lights on for the commie?

  • Lightwave

    If Obama gets another term, count on the cost of everything going up 5-10% a year…and that level of inflation is before the hyperinflation that will kick in due to Fed policies…

  • http://biggovernment commonvoice

    Electric prices are ready double the pass year, everything has double since Obama took office, Obama going to starve us to death or freeze us to death this coming winter to get re-elected.

  • Mark

    Go, Comrade Buttmunch! Obama is a communist fool.

  • http://biggovernment uh!

    wE’RE GOING BACK TO Dark ages!!

  • ChillytheAlaskan

    Congress has the power to make laws. Regulations have the same power as laws and as such, CONGRESS has to approve authority to the EPA to REGULATE CO2, which it declined to do.

    Obama is executive branch, ADMINISTRATIVE, can’t create law. Even the executive orders are unconstitutional if they have the power of law, IF CONGRESS WERE TO FIGHT.

    The SCOTUS does not have the power to create law or regulate. They have the power to decide if the law is CONSTITUTIONAL.

    CONGRESS, including the democrats in the senate need to stand up and ASSERT THEIR AUTHORITY.

    Hey Boner, are you just planning on extending the debt limit so Obama can continue to fund the destruction of our country? HEY REPUBLICANS IN THE HOUSE, ARE YOU JUST GOING TO SET THERE AND ALLOW THIS TO CONTINUE?

  • http://georgfelis.blogspot.com Georg Felis

    You might as well say “180 billion dollar tax increase” because the utilities don’t pay a dime of that, it *all* gets passed right on down the line to the consumer.

    How’s that electric car taste now?

  • Questionman

    Mark, thanks for proving how deluded you and your racist ilk are! Being black is no reason for impeachment!
    Okay, let’s debunk this crap….

    The billionaire Koch Brothers; their giant oil conglomerate, Koch Industries; and their vast network of right-wing political groups, think tanks, and other organizations are rarely out of the news these days, but the oil profit-fueled, multi-pronged assault on clean energy that Koch groups launched this week is particularly notable — and worrisome.

    The Please Don’t Blame Oil Companies for High Gas Prices Campaign : This week, AFP announced it was launching a “Running on Empty” tour to try to falsely blame President Obama for high gas prices. The tour will travel to Kansas, Nebraska, Oklahoma, Missouri, Virginia, Ohio, Pennsylvania, and Wisconsin. The tour is, of course, funded in part by the profits Koch Industries is making as a result of today’s high oil prices.

    In reality, polls show that nine of out 10 Americans blame Wall Street speculators and Big Oil’s greed for the high prices. Even Goldman Sachs and ExxonMobil agree that speculation is to blame for today’s high oil prices.

    Unlikely to be mentioned on the tour? How the Kochs built an oil speculation empire that is partially responsible for driving up oil prices right now.

    Conservatives Are America’s Real Terrorists: The Koch Brothers war Against


    (I don’t condone this site)

    Domestic Oil Production is Up 11% Under Obama and Was Down 15% Under Bush


    The only people Obama is NOT good for are the racists, bigots and extremisits on the right and here!

  • Scott

    Questionman, that was quite a clinic on cut and paste…We get it. You can go back to pumping the neighbor’s cat now…

  • Whitehall

    I too would love for the House to shutdown EPA etc by cutting funding.

    But let’s get real here. A GOP majority in the House can only block the Democratic Senate and White House. The GOP leadership is thinking ahead to 2012. The BIG win will be House, Senate, and White House.

    The GOP can paralyze the federal government today but will lose votes in 2012 because of it. The judgment appears to be minimize damage today but don’t jeapodize the big victories in 2012.

    These men and women making these judgments are professional politicians. I too wish for clear moral clarity TODAY but politics is the art of the possible.

    So hold your fire until you see the whites of their eyes in November 2012!

  • R J

    It’s time to start demanding impeachment if for no ther reason than to focus the MSM on this jerk! He is the most lawless, destructive, anti-American, lying, president in our country’s history! The other thing we have to watch out for is his replacement. If we do not get a conservative like Palin, like Bachmann, like Cain, like Santorum or Pawlenty, we are DOOMED! A RINO is not going to turn things around, he’s just going to slow them down a bit. Four years later, we’ll all be bitching about how there is no difference between the two parties. We must not let the establishment republicans or the media pick our candidate. We must stay engaged, watch the debates, and pick the candidate that articulates conservatism the best. Don’t listen to those who say we need to pick the best candidate that can win garbage either. Unless our guy turns out to be a murdering pedophile from Mars or Obama cures cancer, Obama is going to get his ass kicked out of the White House by a landslide. We could run a potted plant against himnright now and win! It is crucial that we get some one who will fight, not just go along like this is all just politics as usuall blah, blah, blah.