Obama’s War on Coal Will Raise Energy Prices by 80%
Looks like electric poverty will shortly be coming to America courtesy of Obama and the Green lobby.
An Obama administration official has said that the new clean coal rules could increase electricity prices by as much as 80 percent.[embedded content]
Dr. Julio Friedmann, the deputy assistant secretary for clean coal at the Department of Energy, told House lawmakers that the first generation of carbon capture and storage technology would increase wholesale electricity prices by “70 or 80 percent.”
The Obama administration’s plan to fight global warming includes limiting carbon dioxide from new power plants. In order for new coal-fired power plants to be built, however, they would need to install costly carbon capture and storage (CCS) technology.
Obama will still be able to heat the White House to Hawaii temperatures. After all, we’re the ones paying for it. Not him.