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May 26th, 2012 
FAKE NEWS for the Zionist agenda
Perhaps one reason President Obama faced stiff opposition
in the West Virginia and Kentucky Democratic primaries is because of his
war effort – his war on coal. Unfortunately to many, this is one
effort in which he is showing great success. ~ Tim George
The U.S. Energy Information Administration reported a dramatic drop
last week in power sector coal consumption for the first quarter of
2012. Coal-fired power plants now generate only 36 percent of U.S.
electricity. Considering that figure stood at almost 45 percent just a
year ago, the drop in coal-fired power is shocking to say the least.
PJM Interconnection, the company that operates the electric grid for
thirteen states, say the drop is due to an unprecedented increase in
stifling regulations.
PJM operates the electric grid in Delaware,
Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North
Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and
the District of Columbia.
These states are seeing the first real market prices that take
Obama’s most recent anti-coal regulations into account. And it is likely
many are now recalling 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 D.C., the new price is
$167 per megawatt. So why are priced escalating at such an alarming
rate?
Andy Ott from PJM explains:
“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. For the
northern Ohio territory served by FirstEnergy, the price of electricity
will jump to an appalling $357 per megawatt!
These are not computer models or projections or estimates. These
prices are what electric distributors have agreed to pay for new
capacity. And, as always happens, those increased will passed on to
businesses and anyone who has to pay for electricity.
House Energy and Power Subcommittee Chairman Ed Whitfield (R-Ky.) put it this way:
“The PJM auction forecasts a dim
future where Americans will be paying more to keep the lights on. We are
seeing more and more coal plants fall victim to EPA’s destructive
regulatory agenda, and as a result, we are seeing more job losses and
higher electricity prices.“
The only thing that can stop that will halt these massive price hikes
a concerted and unified effort to Obama’s destructive regulatory
agenda. The Senate has a critical chance to do just that when it votes
on stopping Obama’s most expensive anti-coal regulation sometime in the
next couple of weeks.
The Inhofe Resolution, S.J. Res. 37, offers legislators opportunity
to overturn the Utility MACT rule, which the EPA itself has admitted is
its most expensive rule ever. This vote is protected from filibuster,
and it will take just fifty-one votes to pass. There is no doubt passage
would relay a clear message to the end the war on coal.
Even if the resolution is passed and the president vetoes it, he will
be forced to take full political responsibility for the impending jump
in electricity prices.
Tim George – May 25, 2012 – posted at FlyingEagleGold
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