While campaigning for the Democratic presidential nomination, Barack Obama said his cap-and-trade tax plans would "bankrupt" anyone building a coal-fired power plant. Although those taxes haven't materialized, the Environmental Protection Agency has put the brakes on 79 surface mining permits in four states since he was elected.
The EPA says these permits could violate the Clean Water Act and warrant "enhanced" review. But the agency went even further last week, announcing plans to revoke a permit for the Spruce No. 1 Mine in West Virginia - a move that has caused anxiety among coal-state Democrats about the future of the industry under the Obama administration.
Of course, we KNEW what was going to happen once Teleprompter Jesus got elected, he friggin TOLD us what he was going to do. So now we're reaping the rewards. Ladies and Gentlemen, over half the electricity in this country is produced at coal fired plants. About 57% or so, to be exact. What happens when the cost of coal goes up because of these permits getting rejected?I can remember being stationed at Ft. Riley back in the 90's, and having my electric bill damn near match my rent because the Kansas Power Company was a coal-burning plant. Even now, the Ragin' Mrs. and I do whatever we can to keep our power consumption down, and believe me when I say we don't exactly have much to cut back on. What happens when people are paying an extra $100 to $200 per month for their electricity? What do you think is going to happen to the economy when that money is removed from the local economy due to the high cost of power?
They'll collapse, that's what. And right now there's nothing we can do about it, thanks to the god-like powers the
Like I said, this is gonna hurt.
Found at Cold Fury.