Highest-ever electricity prices reported for the month of May
Analysts point to restriction on nation's coal industry as chief reason
In May, the temperatures are usually pleasant and don't necessitate the need for either heat or cooling. That didn't stop this past month of May recording the highest electricity costs on record for that month at 13.1 cents per kilowatt hour, or KWH.
"[T]he regulations the president wants to force on coal are not feasible. And if it's not feasible, it's not reasonable. It's clear now the president has declared a war on coal," Senator Joe Manchin said.
These figures come at a time when President Barack Obama has announced a "new national climate action plan" to reduce carbon dioxide emissions to combat climate change and spend more federal money on "clean energy" projects.
Producing about 45 percent of the electricity in America, the coal industry is expected to take a hit by federal regulations. According to Senator Joe Manchin (D-W.Va.), its all part of Obama's purported "war on America" as the regulatory burden and costs will severely damage the U.S. coal industry.
The Consumer Price Index-Average Price Data at the BLS show that the U.S. city average price of electricity per KWH was 13.1 cents in May 2013, which is the latest month's price data available.
Back in January 2008, in an interview with the San Francisco Chronicle, then-Senator Barack Obama (D-Ill.) in January 2008 told of his cap and trade plan to combat global warming, said, "You know, when I was asked earlier about the issue of coal, uh, you know - Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad.
"Because I'm capping greenhouse gases, coal power plants, you know, natural gas, you name it - whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers."
In a speech last month at Georgetown University, President Barack Obama announced his "national climate action plan." The president said, "This plan begins with cutting carbon pollution by changing the way we use energy -- using less dirty energy, using more clean energy, wasting less energy throughout our economy. .
" . about 40 percent of America's carbon pollution comes from our power plants. . So today, for the sake of our children, and the health and safety of all Americans, I'm directing the Environmental Protection Agency to put an end to the limitless dumping of carbon pollution from our power plants, and complete new pollution standards for both new and existing power plants."
In response, Sen. Manchin (D-W.Va.) issued a statement concerning President Obama's plan stating, "[T]he regulations the president wants to force on coal are not feasible. And if it's not feasible, it's not reasonable. It's clear now the president has declared a war on coal. It's simply unacceptable that one of the key elements of his climate change proposal places regulations on coal that are completely impossible to meet with existing technology."
© 2014 - Distributed by THE NEWS CONSORTIUM
Pope Francis Prayer Intentions for March 2014
Respect for Women: That all cultures may respect the rights and dignity of women.
Vocations: That many young people may accept the Lordís invitation to consecrate their lives to proclaiming the Gospel.
Rate This Article
Leave a Comment
More Politics & Policy News
- Russia seeks access to new facilities for navy: Is a new Cold War ahead?
- Bill that would allow surprise inspections at abortion clinics close to approval in Arizona
- UN: Almost 10,000 incidents of school violence from 2009-2013
- Syria, Venezuela, North Korea and Uganda called out by U.S. State Department for human rights abuses
- Citing 'negative consequences,' Arizona Governor vetoes anti-gay bill
- 'Shared responsibility payment' in Obamacare tax hides veiled threat
- California Senator faces 400 years in prison on corruption charges
- Leaked document shows NSA spied on trade talks, U.S. lawyers
- First medical doctor in Texas suspended under new abortion law
- Fr. Paul Schenck: Finding Living Faith on Catechetical Sunday
- The Movie Yellow: Incest as 'Normal' and Cassavates's Slides Into the World of Woes
- The Chicago School Teachers Strike Reveals the Need For School Choice
- The Sexual Barbarians and the Dissolution of Culture
- The Happy Priest Challenges Us to Ask: Who is Jesus to Me?
- Michael Coren on Canadian Public Schools: Teachers, leave those kids alone
- We Cannot Ignore Our Consciences: Cardinal Dolan On Religious Liberty
- In the Face of Danger, Successor of Peter Travels to Lebanon as a Messenger of Peace
- Reflections on the Dignity and Vocation of Women: Who or What?