Obama's war on coal bears fruit: NJ electricity rates could octuple by 2015

Lisa Jackson is cackling with glee. Her boss promised us electricty rates would "necessarily skyrocket" and he's delivered.

According to Phil Kerpen at Fox News, the market-clearing price for new 2015 capacity will be eight times higher than the price for 2012, and those numbers are not computer models, projections or estimates.

Get ready to dig deep.

The market-clearing price for new 2015 capacity — almost all natural gas — was $136 per megawatt. That's eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.

Did I say "octuple?" I meant decuple. The new price is ten times the old price. Way to go Obama!

Air conditioning. Or food. Heckuva choice, eh?

Meanwhile preening celebrities who care about saving the planet think nothing of spewing more CO2 than I would in a month just for a photo op at an Oxford Climate Change Debate.

Musician Will.I.Am has been criticised for arriving at a climate change debate in a private helicopter, producing the same amount of CO2 most people do in a month.

When he changes his name to Yes.I.Am.A.Hypocrite maybe I'll start caring about "climate change."

But until then? I love coal. It keeps me warm in the winter and cool in the summer. The way God and Steinmetz intended.

I'd better not complain too loudly though. As Doug Ross notes, if Obama gets wind of your objections to his energy policy, he'll sic the IRS on you.

There's some hope though. The Senate could defang Obama's anti-coal jihad. The fine folks at www.WarOnCoal.com have the details. It'll only take 51 votes to restore sanity to electricity prices. Unless Obama is stupid enough to veto it. Then he'll own our poverty, and anyone who votes to re-elect him deserves to pay through the nose to recharge their iPhones with algae power.

Vote for Romney. Or Americans will freeze in the dark.

Posted at 22:36 by Chris Wysocki   [/agw]   Comments | Perm Link |
Technorati Tags: coal Obama electricity PJM EPA   |   Tweet