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May 23 2012

Obama’s War on Coal Is Taking Its Toll

Even prior to his election, Obama promised to drive coal plants into bankruptcy and to make energy prices “skyrocket.” For once a slimy politician is keeping his promises.

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.

Here’s how fast Barack Hussein has sent prices into the stratosphere:

Last week PJM Interconnection, the company that operates the electric grid for 13 states … 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.

The immediate effect will be to lower our standard of living. Higher unemployment will quickly follow, as the increased costs hits businesses.

This gives an idea of how many coal plants Obama and his maniacal ecofascist attack dogs in the EPA plan to close:

power-plants-epa-will-close

If a foreign army came across the ocean to shut down our power plants, many of us would be out there throwing rocks at tanks. Yet there are Americans who would vote for more of the same, so long as it is inflicted by our own rogue government.

On a tip from DaddyOD.

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  • Kevin R.

    Progressives forced public utilities on us by saying things like electricity were too important to leave to private enterprise.

    Electricity is too important to leave to politics and the political whims of people like Obama. We need to get the government out of the economy.

  • Cooter

    Some nice brown outs and black outs though out the summer should help drive Obama’s poll numbers even lower. Not to mention higher electric bills.

  • dan

    I wish that just the Obamists were left in the dark…

  • KHarn

    The problem with regeressives concerning energy is that they hear about some possible new energy method and decide it should replace the old methods NOW. We have had such people on this site and NONE OF THEM see any problem with this.

    “Just because it’s futuristic doesn’t mean it’s practical”. Crow T Robot.

  • Clingtomyguns

    The states where those plants are located and where electricity will be skyrocketing make for a nice electoral map gain for whoever has the balls enough (ahem, Romney hope you grow some) to take on the communist-in-chief and call a spade a spade.

  • Pingback: Obama’s Economic Successes: A Roundup « LEADING MALAYSIAN NEOCON

  • TED
  • TED

    Obama raises energy
    And gas prices while robbing us blind with taxes. What a fine job he’s doing, right lefty’s?

  • Winston Smith

    The only reason gasoline prices are falling now is Europeans are flocking to the dollar increasing its value (for now) and more importantly the world economy is slowing dramatically and headed for recession again (not that we ever really recovered). Even Natural gas prices will be headed higher if Comrade Obama gets another 4 years as Im sure there will be an EPA crackdown on that.

  • Victoria Winters

    While the lame stream media lies to us on a daily basis and we are to presume that these Obummer supporters are high in numbers and that the illegal will win again, this time the numbers are not adding up for many know that he has made our nation not safer nor stornger but weaker and has sold our grandkids into financial slavery. We are not racist but equal opportunity haters of unjust laws and policies that destroy our republic.

  • simple man

    I live in a key state highlighted above. There is more to thisthen the average person realize.. there are hundred of thousands of familys feeling the affect of this.. with job loss. Small business shut downs. Entire small town econimies destroyed. Home repo’s.. the list goes on and on..

  • No End in Sight

    I live in a major coal producing area in the eastern United States and everyone I know and everyone they know has ties with the coal industry. I have watched businesses shut down, complete towns almost disappear. What are we supposed to do when coal is shut down permanently? Take up our possessions and families and move somewhere else? And do what exactly? Granted some of the people here would have a few options but not everyone. There are so many jobs that are directly or indirectly associated with coal. To list a few: you have the companies that sell heavy equipment, geologists, surveying companies, tire companies that not only sell the tires but also install them, heavy equipment service mechanics, the list goes on and on, not to mention most of these people have went to school for whatever position they handle. There is also a lot of training time for all of these positions. It really just takes your heart out of it watching mine site after mine site shut down because the “tree huggers” think coal is not the answer. The sad, simple truth of this is that most of these people against coal have most likely never had to work a hard, honest days work their entire life and probably don’t care that (not just hundreds) but thousands of jobs are being lost with coal slowly being pushed out, and millions of people are feeling the effects one way or another. If I had a way I would put these people into our boots, put them in an underground mine or on a surface mine and let them work 12 hours of hard work 6 days a week to feed their families. Let these guys see what it is like to really have co-workers that are just like family. Then let them see that the US mining industry is THE MOST regulated industry in the world, the extensive training that some of these jobs require. That is what I think should be done. I honestly believe that these people do not know the satisfaction in a hard day’s work and the feeling that, big or small, they made a difference in everyone’s lives, made everyone’s lives easier because as a coal miner they put their lives on the line.
    Sorry if this was a bit long, but I am just posting my thoughts and the facts as I see them.

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