Categorized | Commentary/Editorial

The price of electricity is ‘necessarily skyrocketing’





I’m sure we all remember this:

While Obama wasn’t able to force his idiotic cap and tax scheme through Congress, he’d never let a little thing like separation of powers get in his way. If he can’t enact his ruinous agenda constitutionally, he’s got a pen and a phone, and he’s been using them to systematically destroy the energy industry — coal in particular — via executive orders and regulations. And with the energy industry staring down the barrel at Obama’s most disastrous energy regulation yet, electricity rates are necessarily skyrocketing just as Obama promised they would when he spoke to those San Francisco liberals in the above video.

(CNSNews.com) – The electricity price index and the average price for a kilowatthour (KWH) of electricity both hit records for May, according to data released today by the Bureau of Labor Statistics.

The average price for a KWH hit 13.6 cents during the month, up about 3.8 percent from 13.1 cents in May 2013.

The seasonally adjusted electricity price index rose from 201.431 in May 2013 to 208.655 in May 2014—an increase of about 3.6 percent.

If the prevailing trend holds, the price of electricity will hit an all-time record high this summer, when demand for electricity is at its peak.

Coal remains the most efficient natural resource we have to generate electricity. It’s both cheap and abundant. And unlike Obama’s green energy alternatives — which are little more than schemes to funnel taxpayer dollars to his cronies (see Solyndra) — it actually works. Obama’s war on coal is forcing utilities to use less efficient and less reliable means to supply the nation’s power grid, and higher electric rates for consumers are the inevitable result. The rising rates certainly can’t be attributed to a sudden surge in demand in the anemic Obama economy. Something else to ponder: Once Obama’s recently-introduced EPA rules are fully priced in, this year’s record high rates will seem like a bargain.



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