Author Topic: Obama keeping promise to bankrupt the coal industry and skyrocket energy costs  (Read 49890 times)

Soul Crusher

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Obama’s War on Coal Takes a New Turn
by Capitol Confidential

http://biggovernment.com/capitolconfidential/2011/06/02/obamas-war-on-coal-takes-a-new-turn






Cap-and-trade legislation may have failed in Congress in 2010, but that doesn’t mean that this is the last we will hear from this economically-harmful policy.

The Environmental Protection Agency (EPA) through the Clean Air Act has been busily proposing and finalizing nearly 200 major policy rules aimed at curbing carbon and other particulate emissions. This despite the fact that the Clean Air Act was never intended for this purpose and widespread opposition exists among the business community, citizens and states.
One particular regulation that is generating deep concern among the business community is the Utility Maximum Achievable Control Technology rule or better know as the MACT rule. This rule would require coal-fired plants to reduce emissions of particular toxic air pollutants.

The big problem with this is MACT would require coal-fired power plants to install very costly equipment to comply with the regulation. In some cases, these companies simply can’t afford to buy the equipment and for others the needed equipment isn’t commercially available.
If this rule is implemented, it would force the shut down of many coal-fired power plants. For states like Ohio, who rely on coal power for 90 percent of their energy, this is a major problem. According to some estimates, enough coal-fired power plants would close to equal about 30-70 gigawatts of electricity generated nationwide. A single gigawatt of energy can power about 750,000 homes.

In a time where national unemployment hovers around 9 percent, these regulations threaten to lead to more job losses and do some serious damage to the economy. The American Legislative Exchange Council estimated that the EPA regulation will eliminate 2.5 million jobs, depress investment by $300 billion by 2014 and reduce GDP by up to $500 billion.

Many states and local communities are already voicing strong concern about the EPA’s regulations. States like Michigan and Utah have claimed that the EPA has overstepped their regulatory jurisdiction and urged the U.S. Congress to intervene and provide much needed oversight over the agency.

More citizens, communities and states need to join in the call for Congress to intervene if the EPA is to be reined before it does the anticipated damage to our economy, which recent speculation has suggested could be headed for more trouble.

OzmO

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Yes!  Watch the clips!
::)


short answer:  He did not promise to bankrupt the coal industry..

Soul Crusher

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::)


short answer:  He did not promise to bankrupt the coal industry..



No of course not.   

"if they want to build a coal plant they will go bankrupt doing so" 


OzmO

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No of course not.   

"if they want to build a coal plant they will go bankrupt doing so" 



I promise to bankrupt the coal industry   ::)

OzmO

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"if they want to build a coal plant they will go bankrupt doing so" 



Positive!

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Capito said she will write a letter to EPA Administrator Lisa Jackson asking whether the agency took into account the economic impact of its regulations.

"Let me be clear, it’s decisions like the one made by AEP today that demonstrate the urgent need to rein in government agencies like the EPA, preventing them from overstepping their bounds and imposing regulations that not only cost us good American jobs, but hurt our economy," said Manchin, an outspoken critic of the EPA.

But EPA defended its regulations Thursday, noting that the agency has worked closely with industry to ensure that its regulations are “reasonable, common-sense and achievable.”

The agency also stressed that the regulations are essential for protecting public health.

“These reasonable steps taken under the Clean Air Act will reduce harmful air pollution, including mercury, arsenic and other toxic pollution, and as a result protect our families, particularly children,” EPA said in a statement.

In a statement outlining its plan to comply with EPA's regulations, AEP said it would need to retire 6,000 megawatts of coal-fired power generation in the coming years.

The company, one of the country’s largest electric utilities, estimated that it will cost between $6 billion and $8 billion in capital investments over the next decade to comply with the regulations in their current form.

The costs of complying with the regulations will result in an increase in electricity prices of 10 to 35 percent and cost 600 jobs, AEP said.

In total, AEP estimated it will have to close five coal-fired power plants by the end of 2014. Six additional plants would see major changes, including retiring some generating units, retrofitting equipment and switching to natural gas.

“We support regulations that achieve long-term environmental benefits while protecting customers, the economy and the reliability of the electric grid, but the cumulative impacts of the EPA’s current regulatory path have been vastly underestimated, particularly in Midwest states dependent on coal to fuel their economies,” AEP CEO Michael Morris said in a statement.

The company said its compliance plan could “change significantly” if EPA’s regulations are altered.

Soul Crusher

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http://thehill.com/blogs/e2-wire/677-e2-wire/165651-aep-epa-regs-will-cost-billions-and-result-in-five-closed-plants



Keep supporting this admn you Fu ing morons.   Maybe when we have 50 percent ue you will wake the he'll up.   

OzmO

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http://thehill.com/blogs/e2-wire/677-e2-wire/165651-aep-epa-regs-will-cost-billions-and-result-in-five-closed-plants



Keep supporting this admn you Fu ing morons.   Maybe when we have 50 percent ue you will wake the he'll up.   

Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go!  Coal must go! 

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bump for time code

Soul Crusher

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bump for time code

  Watch the clip.   He spells it out clearly enough that even someone as brain dead as the average 95%'er can grasp it.  Well, maybe not. 


OzmO

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  Watch the clip.   He spells it out clearly enough that even someone as brain dead as the average 95%'er can grasp it.  Well, maybe not. 



 ::)


Soul Crusher

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Here are obama's own words in the clip: 



1.  We are going to implement a plan making it impossible for EXISTING coal companies to operate due to yearly regulations imposing draconian costs and mandates - CHECK 

2.  Our plan will bankrupt any company building a NEW coal plant - CHECK 

3.  Our plan will skyrocket energy prices - CHECK 

4.  Biden:  "NO NEW COALS PLANTS IN THE USA PERIOD!" 




What is so hard for you idiots to understand? 


4.   

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Here are obama's own words in the clip: 



1.  We are going to implement a plan making it impossible for EXISTING coal companies to operate due to yearly regulations imposing draconian costs and mandates - CHECK 

2.  Our plan will bankrupt any company building a NEW coal plant - CHECK 

3.  Our plan will skyrocket energy prices - CHECK 

4.  Biden:  "NO NEW COALS PLANTS IN THE USA PERIOD!" 




What is so hard for you idiots to understand? 


4.   
  ::) ::)

Soul Crusher

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  ::) ::)

 
95%ism is a mental disorder - seek help.       

OzmO

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Here are obama's own words in the clip: 



1.  We are going to implement a plan making it impossible for EXISTING coal companies to operate due to yearly regulations imposing draconian costs and mandates - CHECK 

2.  Our plan will bankrupt any company building a NEW coal plant - CHECK 

3.  Our plan will skyrocket energy prices - CHECK 

4.  Biden:  "NO NEW COALS PLANTS IN THE USA PERIOD!" 


What is so hard for you idiots to understand? 

4.   

"I promise to bankrupt the coal industry"   Is not in those examples.  FAIL!


Soul Crusher

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"I promise to bankrupt the coal industry"   Is not in those examples.  FAIL!



Are you really that fucking dumb?  Seriously - WTF is wrong with you?   You have gone from an otherwise reasonable person to a complete moon bat in the last month just to support the communist sleeper cell terrorist obama.   



Obama is saying he is implementing a plan to make it impossible for EXISTING PLANTS to operate!  What does that say to you?

HIS PLAN IS TO PUT THEM OUT OF BUSINESS!     

 

OzmO

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Are you really that fucking dumb?  Seriously - WTF is wrong with you?   You have gone from an otherwise reasonable person to a complete moon bat in the last month just to support the communist sleeper cell terrorist obama.   

Obama is saying he is implementing a plan to make it impossible for EXISTING PLANTS to operate!  What does that say to you?

HIS PLAN IS TO PUT THEM OUT OF BUSINESS!     


Yes 33333 i am part of a communist conspiracy to convert the USA to communism.  We are in every level of government and in every level of the private sector.

Obama is a Marxist sleeper cell and leader of all things liberal and we aim to take over the USA.  We won't stop at socialism its 100% communism or bust!

Every liberal poster here in this board is part of the communist plot to take over America.  So are some of the conservative posters.  they are sleeper cells too.




 


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95%ism is a mental disorder - seek help.       

Goin racial.. thats original  ::)

OzmO

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3333 is right about a lot of things... sometimes he just gets far too carried away.



QFT

OzmO

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Soul Crusher

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3333 is right about a lot of things... sometimes he just gets far too carried away.



What am i wrong about here?   

Soul Crusher

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I think the whole trying to turn America into a huge communist country thing.

I didn't say you were "wrong"... I said you get "carried away".

It's not exactly "doom and gloom"... I don't agree on some things... I certainly think that with the economy the way it is, any energy independence is better than none, but I also don't think Obama is trying to destroy America with his ideas.

So what do you call implementing plans that directly leads to job losses that he was warned about many times over? 

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Democratic Senator: Environmental Protection Agency Out of Control
CNSNews ^ | June 10, 2011 | Susan Jones



________________________ ________________________ _________________



(CNSNews.com) - Democratic Sen. Joe Manchin, the former governor of coal-producing West Virginia, is blasting the Obama administration for using the Environmental Protection Agency to regulate coal-fueled power plants out of business.

On Thursday, American Electric Power company announced that to comply with a series of EPA regulations, it will close five coal-fired plants -- three in West Virginia and one each in Ohio and Virginia -- at a net cost of 600 jobs.

American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states.

"We have worked for months to develop a compliance plan that will mitigate the impact of these rules for our customers and preserve jobs, but because of the unrealistic compliance timelines in the EPA proposals, we will have to prematurely shut down nearly 25 percent of our current coal-fueled generating capacity, cut hundreds of good power plant jobs, and invest billions of dollars in capital to retire, retrofit and replace coal-fueled power plants," said AEP Chairman and CEO Michael G. Morris.

"The sudden increase in electricity rates and impacts on state economies will be significant at a time when people and states are still struggling,” he added.

The plant closures in West Virginia alone will result in 242 lost jobs -- "and that's simply wrong," Manchin said:

“Let me be clear, it’s decisions like the one made by AEP today that demonstrate the urgent need to rein in government agencies like the EPA, preventing them from overstepping their bounds and imposing regulations that not only cost us good American jobs, but hurt our economy.

“It is because of out-of-control agencies like the EPA as well as the need to protect American jobs that I sponsored the REINS Act -- a commonsense measure that will help protect and create jobs by reigning in needless or burdensome regulations, and that will put responsibility back where it belongs – in the hands of the people who are elected to govern and lead this great nation,” Manchin concluded.

During his campaign for president, Barack Obama admitted that "if somebody wants to build a coal fired plant, they can. It's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted."

VIDEO 36 seconds


The cost of AEP’s compliance plan could range from $6-$8 billion in capital investment through the end of the decade, the company said. That's in addition to the $7.2 billion that AEP has invested since 1990 to reduce emissions from its coal-fired plants.

The company noted that annual emissions of nitrogen oxides from AEP plants are 80 percent lower today than they were in 1990, and sulfur dioxide emissions are 73 percent lower than they were in 1990.

“We support regulations that achieve long-term environmental benefits while protecting customers, the economy and the reliability of the electric grid, but the cumulative impacts of the EPA’s current regulatory path have been vastly underestimated, particularly in Midwest states dependent on coal to fuel their economies, AEP said.

The company said while some jobs will be created from the installation of emissions-reduction equipment, AEP expects a net loss of around 600 power plant jobs with annual wages totaling approximately $40 million as a result of complying with the proposed EPA rules.

“We will continue to work through the EPA process with the hope that the agency will recognize the cumulative impact of the proposed rules and develop a more reasonable compliance schedule. We also will continue talking with lawmakers in Washington about a legislative approach that would achieve the same long-term environmental goals with less negative impact on jobs and the U.S. economy,” Morris said.

“With more time and flexibility, we will get to the same level of emission reductions, but it will cost our customers less and will prevent premature job losses, extend the construction job benefits, and ensure the ongoing reliability of the electric system.”

AEP said the following plants will be closed by the end of 2014:

-- Glen Lyn Plant, Glen Lyn, Va.
-- Kammer Plant, Moundsville, W.Va.
-- Kanawha River Plant, Glasgow, W.Va.
-- Phillip Sporn Plant, New Haven, W.Va.
-- Picway Plant, Lockbourne, Ohio

In addition, AEP plans to scale back power generation at six plants.


________________________ ________________________ _____________________-


Obama = traitor, thief, and destroyer of jobs.   

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Obama’s coal tax:New EPA rules mean 1.4 mm fewer jobs,higher electric bills(BHO keeps his promise)
wash times ^ | 7/12/11


________________________ ________________________ _



The Environmental Protection Agency (EPA) on Wednesday finalized “cross-state air pollution” regulations designed to drive coal-plant operators out of business. This noxious rule will choke job creation and ensure that consumers are stricken with higher utility bills every time they switch on the mercury-filled curlicue light bulbs they also will be forced to buy.

Beginning Jan. 1, industrial facilities in 28 Eastern and Central states will be subject to draconian restrictions on emissions of sulfur dioxide and nitrogen oxide, pollutants that potentially can cross borders. It’s all being done in the name of promoting health, but an overzealous and unaccountable bureaucracy is ignoring the devastating toll on the economy’s wellness.

Coal plants will be forced to install new scrubber equipment that provides marginal improvement in air quality at tremendous expense. This cost will be passed along to the consumer in the form of higher electricity costs. NERA Economic Consulting studied the impact of a pair of EPA rules affecting coal and estimated the extra cost would total $184 billion through the year 2030. This includes $72 billion in capital costs that coal companies will have to pay right now to comply. Electric bills will jump 12 percent by 2016 with areas such as Kentucky and Tennessee seeing a 24 percent increase. Employment will drop by a net 1.4 million jobs.

(Excerpt) Read more at washingtontimes.com ...


________________________ ________________________ _______________________


congrats you pieces of shit who voted for obama.  I hope you are proud of yourselves. 

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EDITORIAL: Jacking up your electric bill
More regulations on industry will hurt the flickering economy
The Washington Times
8:08 p.m., Wednesday, July 27, 2011
http://www.washingtontimes.com/news/2011/jul/27/jacking-up-your-electric-bill/print





America faces a European-style debt crisis, but you wouldn't know it from observing what's happening on Capitol Hill. At a Senate committee's request, the Congressional Budget Office (CBO) on Tuesday issued an analysis of proposed renewable (RES) and clean-energy standards (CES). The federal government has grown so large that it's actually studying how to spend money to make electricity more expensive.


In fact, it's a White House priority. In his State of the Union address, President Obama called for 80 percent of America's electricity to come from windmills and solar panels by 2035 as part of his Win the Future (WTF) campaign. That can only happen if federal laws and regulations are used to shut down cheaper sources of power, such as coal. As CBO concluded, "Either an RES or CES would also raise the average cost of generating electricity in the United States because, in the absence of the standard, regulators and generators would generally choose the lowest-cost method of producing electricity." In a sane world, that would be the end of the story, but it isn't.


Currently, coal provides 45 percent of our power and nuclear 19 percent. Wind accounts for 2 percent, and solar power is so weak it earns an asterisk. That's not going to change, so federal bureaucrats want to tell private companies they must produce 20 percent or 25 percent of their electricity from inefficient, intermittent sources using a complex scheme of production credits to impose their will on the industry.


Mr. Obama also has opened up the piggy bank and doled out $5.6 billion in stimulus funding, 84 percent of which went to windmills - a market dominated by General Electric. Last year, that company just happened to spend $39 million on lobbying and $2 million in campaign donations. Its push for a pro-subsidy agenda has paid off - for them, not us.


The average retail price for a megawatt hour of electricity is $91, but if it happens to come from a windmill, Uncle Sam will write the owner a check for $23. That $23 still comes out of the pockets of consumers, but it shows up on the tax bill, not the electric bill. If consumers were aware of the true cost of solar and wind power, they wouldn't want either.


Likewise, the public wouldn't care for higher corporate average fuel efficiency (CAFE) standards if they knew that meant driving tiny, dangerous and boring European-style city cars. That hasn't stopped House Democrats including Minority Leader Nancy Pelosi, Rep. Henry A. Waxman and Rep. Edward J. Markey from sending the president a letter Wednesday demanding repressive fuel-efficiency standards in the name of fighting "carbon pollution."


The days when power plants and automobiles belched out toxic clouds of black soot are over (except in the case of mass-transit buses). That reality forced leftists to invent a new problem to justify their marketplace meddling. When they reference carbon, they're talking about carbon dioxide, the harmless gas that's the natural byproduct of respiration. Using their terms, everyone who breathes becomes a "polluter." CAFE and renewable-energy standards are about increasing Washington's power, not clean air or the environment.


Mr. Obama will announce his CAFE decision on Friday. We're not holding our breath in anticipation of him making the right call.