“…Electricity Rates…Will Necessarily Skyrocket.”

If you haven’t heard it yet, there’s talk from many of America’s power generating companies about shutting down substantial numbers of their coal powered generating plants.  Why?  Not from “Cap and Trade” legislation as you might think.  Cap and Trade remember, did not pass.  The Obama administration is using Plan B.  Plan B is simply having the EPA enact regulations that make it too costly for these utilities to upgrade their generating plants.  The result of this of course will be less supply.  With less electricity available, even if electrical demand stayed the same, (doubtful by the way) the cost would rise.  Did you know that it’s estimated that coal fired power plants generate about half of America’s electrical needs?  Sooooo…..

Those plants that are upgraded will also add to the cost of electricity.  As you know, with any product or service where the cost of production increases, that cost is passed on to the consumer.

As plants go off-line and the upgrades are completed, the costs are projected to rise anywhere from 40 to 60%.  Whoa!  That’s a hefty increase.  Those kinds of increases are horrible in good times but with the current economic conditions they’re absolutely horrible!

At a time when we want to get the economy going and people back to work, to allow something like this to happen is atrocious.  These increased costs will also apply to many products you buy.  This will no doubt translate into you buying fewer of those items. That could mean layoffs for those folks who make those things.  More unemployment….at the wrong time.

Remember when the, then Senator Obama,  told the San Francisco Chronicle Editorial Board that under his Cap and Trade system, “…electricity rates would necessarily SkyRocket?”  Maybe you don’t.  You see,  the media, including the San Francisco Chronicle,  really did’t make much of it at the time or during his campaign for the Presidency.  What he couldn’t do with Cap and Trade, the President is now about to accomplish with his EPA and their over the top regulations.  Here’s a link to an article that appeared over the weekend in the Chicago Tribune.  Check it out and be thinking about how a 40 to 60% increase in your electrical costs will affect your budget and maybe your job.

http://www.chicagotribune.com/business/ct-biz-0612-rates-20110611,0,7432941.story

Here’s “O” in his own words:  http://www.youtube.com/watch?v=BqHL404zhcU

Even if you agree with the Presidents impending regulations, is this the proper time to be burdening an already very very fragile economy?  Just Asking.

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