by: the Common Constitutionalist
Elections have consequences. There will be many that surface due to the reelection of Barack Obama.
I’d like to speak of one; energy and more specifically, the coal industry.
111 US coal plants have already closed due to the Obama administrations EPA regulations. That’s a full fifth of all US coal plants so far.
An additional 200 plus coal plants are slated for closure within the next 3 to 5 years.
The coal plant closures represent between 31,000 and 36,000 MW of power lost. That’s the equivalent of shutting down the electricity supply for the entire state of Ohio.
In October president Obama signed yet another executive order setting a national goal, or better put, arbitrary mandate of 40 GW of new “Combined Heat and Power” (CHP) generation.
CHP captures waste heat and uses it to generate steam to run turbines and for manufacturing.
The administration claims that “Investment” in CHP could save around $100 billion in energy costs over 10 years.
Well, the president can certainly hang his hat on that kind of savings.
Once again it seems Obama is looking out for the folks. Getting rid of those dirty coal plants will actually save us money. That’s a win-win. Getting rid of those planet killing, fossil fuel emitting coal plants and saving money to boot. That is until one examines the numbers.
So we the people, through the intelligent policies of this president reap $100 billion in savings.
I wonder if there are any costs involved in the savings?
Why yes, there just happens to be. Once again the Obama administration will cost business.
Obama’s own White House estimates it will cost American manufacturing facilities between $40 and $80 billion to upgrade.
Okay, well that’s not too bad. That still leaves a savings of between $20 and $60 billion.
But wait, we are not done.
Another $70 to $180 billion will have to be spent on new power plants or further, and in my opinion, unnecessary pollution controls for existing plants.
So the wonderful and highly touted $100 billion savings will cost the private sector between $110 billion and $240 billion.
Aren’t mandates great?
And who do you suppose might have to pay for all these new items and upgrades? Why the consumer, of course.
Power companies will have to raise their rates to pay for all the new equipment and upgrades.
But hey, do we not recall what the president said several years ago? It’s not as if he was trying to hide anything when he stated that, “Electric rates would necessarily skyrocket.”
Oh, and did I mention jobs?
It is estimated that for every job in the coal industry about 3.5 jobs are created to service it. New coal regulations alone are expected to cost the U.S. an additional 1.4 to 1.5 million jobs.
So when you people who voted for Obama get laid off because of coal related regulations fear not, for at least you will be able to call the unemployment office on your new “Obama phone”.