Obama’s War On Coal Is Going To Kill Jobs And Sent Electricty Rates ‘Skyrocketing’
By Michael Snyder
EndOfTheAmericanDream.com
June 5th, 2014
When Barack Obama was running for president in 2008, he stated that under his plan “electricity rates would necessarily skyrocket”. Well, now it looks like he is finally getting around to keeping his promise. New EPA rules that are designed to cripple the coal industry could send electricity rates soaring by up to 40 percent in many rural areas. And even though we have enough coal in the ground to provide hundreds of years of energy at current levels of consumption, Obama’s plan is going to force large numbers of coal plants to completely shut down because they are simply going to become too expensive to operate. If Americans living in rural communities didn’t care for Obama before, they really are not going to like him much when these new EPA regulations start kicking in.
Most people don’t remember this, but Barack Obama was very clear about what he intended to do to the coal industry even before he was elected the first time. According to fact-checking site Politifact, Obama did tell the San Francisco Chronicle that “electricity rates would necessarily skyrocket” if he had his way…
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