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Get Ready for Your Energy Bills to Skyrocket

By JLP | September 12, 2013

From today’s WSJ:

The Obama administration plans to block the construction of new coal-fired power plants unless they are built with novel and expensive technology to capture greenhouse-gas emissions, according to people familiar with a draft proposal.

Further…

The person and others briefed on the rule said such stringent limits would ban new coal plants, which generally release about twice as much carbon dioxide as the proposed limits. Even the newest, most advanced coal-fired power plants in the world would fall far short of that revised standard, they said.

Someone stands to make a lot of money installing all this new technology. That’s what this is really about. It’s not about the environment.

The American people should be allowed to vote on things like this. There should be a rigorous objective study done that will show how much these proposed changes will add to our monthly electric bills. Then, we should vote on the bill. Better yet, it should be a STATE ISSUE!

Have a great day, everyone.

Topics: Budgeting, Politics | 8 Comments »


8 Responses to “Get Ready for Your Energy Bills to Skyrocket”

  1. BG Says:
    September 12th, 2013 at 9:12 am

    The USA is the Saudi Arabia of the world when it comes to coal and natural gas, literally 27% of the worlds coal reserves are within our borders.

    Like it or not, coal is THE energy source for the US for a long, long time.

    Hopefully this administration (EPA) and the industry can work out their differences — but I don’t like the fact that the industry wants to pollute & profit, while externalizing all the costs of their pollution on everyone else.

  2. Special_Ed Says:
    September 12th, 2013 at 12:07 pm

    Someone should check into the investors/owners of this “green” tech for coal fired plants. Some of the names would be very familiar. Al Gore and his cronies have made several fortunes off of the global-warming scam. Anyone with an ounce of sense knows the Earth was warming and cooling long before man made CO2 was even thought about. As in all cases like this, follow the money.

  3. Bob Says:
    September 12th, 2013 at 1:57 pm

    The environment is not a state issue, nor a country issue -
    it’s a world issue. Environmental regulations, underlying financial
    incentives aside, are there to minimize a tragedy of the commons.
    One could argue that Obama’s plan prices the negative externalities
    of coal usage into the producer’s marginal cost, thus reducing
    output.

  4. JLP Says:
    September 12th, 2013 at 2:24 pm

    Bob,

    Someone is still going to make a lot of money from this. That was my point.

    Also, there are not good alternatives to coal (at least not at this point in time).

  5. Money Beagle Says:
    September 13th, 2013 at 7:34 am

    The fact of how many power plants of any kind have been built over the last 25 years is scary. The old plants, whether they be coal, nuclear, or whatever, are going to start aging past their useful life, then the repair cost will either skyrocket, or they’ll have to rush to replace them, and probably some combination of both is going to lead to huge costs.

  6. sunil shah Says:
    September 16th, 2013 at 8:10 am

    You starting to sound like republican. Let us face it, there are other sources to make electricity. In PA there is a lot of shale gas that can be used.

  7. Bobby Says:
    September 16th, 2013 at 6:55 pm

    he’s on it again…

  8. Sam Says:
    October 4th, 2013 at 1:57 pm

    Most fossil fuel power plants built today are natural gas powered, usually because they can be built more cheaply and quickly than coal plants. As long as natural gas prices are reasonable, this doesn’t raise the price of electricity. Natural gas plants also have more flexibility to follow changes in load and generation (think solar and wind) than do coal plants.

    That being said, the current administration is doing its utmost to nail another nail in the coffin of coal generation, under the dubious rationale of reducing carbon dioxide emissions. Personally, I don’t believe that this policy of discouraging coal generation will outlast the current administration, because at some point the value of all that coal in the ground will exceed the perceived environmental benefits of lowering carbon dioxide emissions. Also, new technologies will make coal a cleaner and more efficient tool. So this is only a temporary phenomenon.

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