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Obama's Jihad On Coal is Causing Electric Rates to Skyrocket

 
CrazyJarhead
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05/22/2012 04:17 PM

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Obama's Jihad On Coal is Causing Electric Rates to Skyrocket
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.”

The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.

Why the massive price increases? Andy Ott from PJM stated the obvious: “Capacity prices were higher than last year's because of retirements of existing coal-fired generation resulting largely from environmental regulations which go into effect in 2015.” Northern Ohio is suffering from more forced coal-plant retirements than the rest of the region, hence the even higher price.

Read more: [link to www.foxnews.com]
Pearl Harbor was an inside job.
Anonymous Coward
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05/22/2012 04:21 PM
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Re: Obama's Jihad On Coal is Causing Electric Rates to Skyrocket
Through regulations.

You can be sure GE and their nuclear plants won't be enduring higher costs through arbitrary "regulations" by decree through the EPA! He's bypassed the legal process in this country....like a dictator and the worst time it could have been done!


We have a Marxist in the White House!!! Somebody do something!
Anonymous Coward
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05/22/2012 04:27 PM
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Re: Obama's Jihad On Coal is Causing Electric Rates to Skyrocket
Man... what is up with this idiot? I truly believe he wants nothing better than to destroy this country, brick by brick metaforically speaking...
Anonymous Coward
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05/22/2012 04:39 PM
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Re: Obama's Jihad On Coal is Causing Electric Rates to Skyrocket
bump
Anonymous Coward
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05/22/2012 04:46 PM
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Re: Obama's Jihad On Coal is Causing Electric Rates to Skyrocket
And he won't allow any new natural gas or oil drilling because all of the petroleum that we have still in the ground belongs to the Chinese as collateral on the mortgage they hold on us.
DILKe

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05/22/2012 04:47 PM

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Re: Obama's Jihad On Coal is Causing Electric Rates to Skyrocket
All part of his plan:



Last Edited by FBHO on 05/22/2012 04:48 PM
Here is a list of 8 things to look for when trying to identify false flag psychological operations.
1. Staged events usually receive immediate national news coverage
2. There is a political agenda behind the coverage (gun control)
3. The incident inspires intense emotions (Dead kids)
4. Initial media reports conflict eyewitness accounts
5. No dead bodies are shown to the public
6. Celebrities are used to influence the public
7. Presence of mainstream media manipulation tactics
8. The Federal Government give attention to a local story

Question Everything.

When any institution is infiltrated by liberals, that institution no longer serves it's original purpose and instead becomes a social engineering vehicle to push a far left fascist agenda. Liberty and liberals are like oil and water.
Anonymous Coward
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05/22/2012 04:52 PM
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Re: Obama's Jihad On Coal is Causing Electric Rates to Skyrocket
Yep, the little twat said during his campaign that was what he'd do....

.
Anonymous Coward
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05/22/2012 05:03 PM
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Re: Obama's Jihad On Coal is Causing Electric Rates to Skyrocket
I don't know why anone would be surprised.
last one
I just don't give a fuck

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05/22/2012 05:08 PM

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Re: Obama's Jihad On Coal is Causing Electric Rates to Skyrocket
I hope the dumb cocksuckers who voted him in freeze to death when they can't pay their heating bill. Oh, wait...we'll be paying it for them. Never mind.