I guess I am a global-warming denier. I am convinced that climate change is an ongoing thing that is not necessarily related to man’s activity. I really don’t think we are important enough to have a major impact on the climate of the earth. However, I do support clean air, clean water, and recycling. I just don’t support global warming as an excuse to make everyone (except the people who profit from it financially) miserable. Well, that is happening again.
The article reports:
This might strike some as strange, given the private-sector shale-fracking boom going on in the Midwest, Northeast and Texas, which has led to soaring new domestic supplies of natural gas and oil.
According to the U.S. Energy Information Administration, as recently as 2008 the U.S. produced 2.1 billion cubic feet of natural gas per day. Today, it’s 12.3 billion cubic feet and growing fast — truly astounding growth.
Meanwhile, the U.S. is on the verge of producing more oil than it ever has, and domestic sources now outstrip foreign ones. Thanks to fracking, more’s on the way.
But as energy booms, electricity prices are going up.
…Electricity is now one of the most regulated goods in the U.S. Thanks to the Environmental Protection Agency’s sweeping powers to regulate C02 — a power we can’t find anywhere in the Constitution — electricity is becoming a very expensive commodity.
And it’s about to get even more so. According to the Institute for Energy Research, EPA rules put in place to please environmentalists will remove 34,705 megawatts of coal-based energy capacity off our market.
Think about it: That’s equal to about 10% of what we now produce with coal being removed from the grid.
The new regulations are forcing coal plants to close and be replaced with less efficient and less reliable green energy–wind and solar–that are more expensive to generate. The increased cost is then passed on to the consumer–us. As the Obama Administration forces Americans down the path of green energy, our European neighbors are abandoning that path due to unreliable energy and the cost of green energy. Unfortunately, it may take us a while to learn that lesson.