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Obama Regulations To Shut Down 40 Percent Of Nation’s Electricity

Discussion in 'News & Current Events' started by Revmitchell, Jan 21, 2014.

  1. Revmitchell

    Revmitchell Well-Known Member
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    Obama administration regulations could force power plants that make 40 percent of the nation’s electricity to shut down.

    At issue are EPA restrictions on emissions that would close hundreds of coal-burning power plants which represent around 40 percent of the nation’s electricity.

    If that wasn’t bad enough, some observers think the regulations could double electricity rates for average households. The rates would increase because utilities would have to pass the cost onto ratepayers of replacing coal burning power plants or modernizing them to comply with the regulations.

    The EPA rules — Carbon Pollution Standards for New Power Plants — are part of Obama’s plan to reduce greenhouse gas emissions which the agency says contribute to global warming.

    Obama Admitted Plan Would Raise Electricity Rates

    There is some evidence that President Obama has a deliberate strategy of increasing electricity rates and destroying the coal industry.

    “Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket,” Obama told the editorial board of The San Francisco Chronicle in 2008. “Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, they would have to, retrofit their operations. That will cost money. They will pass that money on to consumers.”

    “So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them,” Obama said, “because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”

    http://www.theminorityreportblog.co...-shut-down-40-percent-of-nations-electricity/
     
  2. Gina B

    Gina B Active Member

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    That's okay. Who needs electric when you're dead from not being able to pay your doctor when you got sick because you were broke paying for the ACA?
     
  3. HankD

    HankD Well-Known Member
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    There was a government web site a couple of years ago where you could estimate your annual carbon credit tax which the administration was contemplating.

    Mine turned out to be about 1500.00 per year.

    The plan at that time was to add it to the 1040 income tax booklet and make a separate page on which to figure your tax.

    One of the determining factors was based upon your ulitility bills (KW hours).

    The more you use the more you have to pay not only to the utility company but to the governement as well.

    HankD
     
  4. church mouse guy

    church mouse guy Well-Known Member
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    The War on Coal hits Indiana especially hard because we make a lot of electricity and sell it but we did not vote for Obama the last time so now we are going to be forced into a depression. But then, Obama's last state--Illinois--is all but bankrupt and is in worse shape than Detroit.
     
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