I guess now that it looks like war and military action may have finally been averted in Syria that Obama and his gang of village people are back to their old shenanigans. This time it is Obama and his wonderful EPA that are looking to take down another nasty and evil industry: coal. Yep, according to the Wall Street Journal the EPA is going to propose new rules next week that will ban the construction of new coal power plants that do not meet their expensive and ridiculous efficiency standards.
Basically, these standards are aimed at forcing the coal industry to capture their greenhouse gas emissions. This is something that has been near and dear to Obama’s heart for quite some time; he has made no secret that this is one of the capstones of his Regime and their climate change agenda. And this comes at a time when the industry itself is already reeling from cheap natural gas and other silly regulations (many courtesy of Obama and his boys).
The thing is that these new rules are just simply impossible to meet. Most existing plants are releasing about twice as much as these new limits. It is also thought that even the newest and most advanced coal power plants in the world will still fall short of these new rules and standards. So, in effect, the Obama administration is really sounding the death knell for any new coal plants to come online. Of course, we can certainly expect to see a legal challenge to this, but with libertards all throughout the federal court system there probably is not much hope there.
The only other possible option for these companies is to capture their emissions and then put them underground. The problem with this is two-fold. First it is quite expensive, Second, this is a process that has not been demonstrated to be effective at a commercial scale before. So, it might not even be possible.
Either way, these new regulations are going to mean some big changes for the coal industry. First and foremost, this will result in a likely electricity supply crunch since most of our power is still generated in this fashion. This will also lead to higher prices for consumers, who have already had to deal with rising prices for the last few years. The EPA is essentially becoming a regulator of electricity, pushing companies out and favor other forms of electricity. They are starting to force people and businesses to choose which types of power they use.
Not to mention the fact that the EPA has already done a wonderful job in starting their destruction of this industry. They have already killed an estimated 17,000 jobs in the coal industry. Plus another 250 coal plants are expected to shut down in the next few years as a result of being unable to comply with these overzealous climate change regulations.
All of these regulations are pushed through by a band of leftist, Commie organizers who suffer from the delusion of climate change. They still believe in the old lie about global warming and all of that crap. In fact, the earth is actually cooling, not warming! And even if we were able to reduce carbon emissions down to zero. Nada. Zilch. In the long term it would still be impossible to tell the difference.
So, way to go Obama! Once again, you are taking all of the wrong information and making a monumentally poor decision. This is one that already has costs thousands of jobs, many in states with already hard-hit economies that simply do not have enough growth to replace these lost jobs. Plus, there will be a lot more pain spread throughout this industry. Another testament to the Obama legacy.