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Beware. Liberals are about to "help" us peons again.
A few years ago, then Senator Obama said electricity rates would "necessarily skyrocket" if his energy policies were implemented. In spite of this, for some odd reason, we decided to elect him President. Not our wisest move, America, because here comes the skyrocket:
Consumers could see their electricity bills jump an estimated 40 to 60 percent in the next few years.
The reason: Pending environmental regulations will make coal-fired generating plants, which produce about half the nation's electricity, more expensive to operate. Many are expected to be shuttered.
The increases are expected to begin to appear in 2014, and policymakers already are scrambling to find cheap and reliable alternative power sources. If they are unsuccessful, consumers can expect further increases as more expensive forms of generation take on a greater share of the electricity load.
"Each generator will have to decide for itself whether the investment required to meet environmental requirements can be justified based on its projection of market prices and the cost of its capital. In any case, those costs will be passed through to consumers," said Mark Pruitt, director of the Illinois Power Agency, which procures electricity for Illinois.
American Electric Power, one of the country's largest coal-burning electricity generators, said Thursday it will retire nearly a quarter of its coal-fueled generating capacity and that it will spend up to $8 billion to retrofit remaining units to meet regulations that start taking effect in 2014. Those moves will have an impact.
"The sudden increase in electricity rates and impacts on state economies will be significant at a time when people and states are still struggling,'' AEP Chairman and CEO Michael G. Morris said.
Coal plants that account for roughly a fifth of Illinois' electricity generation could exit the market as a result of the new emissions rules, the Illinois Power Agency told state legislators in a memo last month.
More than 8,000 megawatts of coal-fired generation capacity has been retired in the U.S. since 2005, according to data from industrial software company Ventyx. Generators have announced they plan to retire another 21,000 megawatts in the near future, and some industry consultant studies estimate 60,000 megawatts of power, enough for 60 million homes, will be taken offline by 2017.
2014 is shaping up to be a banner year. Not only will our energy bills skyrocket, but we'll all be forced to purchase high-end health insurance via ObamaCare that same year. If the feared double-dip recession doesn't happen earlier, the Obama-nauts want to make sure it kicks in before too long. A recent study showed that up to 30% of employers would drop employee provided health insurance when ObamaCare arrives in full, showing further how much liberals love us peons.
If I know liberals, and I do, they will respond to the coming high energy bills by proposing yet more new government programs to "help" the people solve the financial hardships liberals created in the first place. And when Republicans object to the new energy welfare programs liberals propose, liberals will call the Republicans mean, uncaring racists who only care about the rich.
What new energy sources will replace the coal plants ? Beats me. We know liberals won't go for nuclear energy. I hear talk of solar and wind, but...I assume liberals are just pulling our leg about that. They're not serious, are they ?
As our capacity to produce electricity diminishes dramatically due to liberal regulations, the deep-thinking liberal geniuses also want all Americans to start driving, what else?...electric cars !!! Thanks, libs. You'll be driving demand for our shrinking supply of electricity through the roof. Guess what effect that will have on energy prices ? More skyrocketing, of course, assuming the electricity will even be available. What will the liberal solution be to that liberal-created problem ? Maybe they'll start promoting Conestoga wagons next. Those are quite green, along with a sizeable amount of brown, if you know what I mean. I think we should just say neigh, before everything turns to sh...well, you know.