Looming Coal-Plant Shutdowns Are Already Doubling Electricity-Price-Contract Bids for 2017

| June 28 2014
David Leeper

On Neil Cavuto’s Your World, a furious Bob Murray, CEO of Murray Energy, rails against Barack Obama’s “incompetent” and “evil” energy policies, which have already doubled the prices that power utilities are forced to bid on advance contracts for electric energy in 2017. Of course those price increases will ripple through everything we buy or do because electricity is critical to all of it.

According to Murray, 411 coal-fired power plants will be forced to shut down by EPA policies, and they are the cheapest source of electrical energy at only 4 cents per kilowatt-hour. By comparison, wind and solar cost about 22 cents per kilowatt-hour.

The price of energy is surely the single-most-powerful control lever that Washington’s ruling-class politicians and federal agency bureaucrats have ever lusted after. And as those prices soar, we can be sure of still more agency interventions for price controls, subsidies, rationing, and other Big-Government “fixes”.

And what’s it all for? According to Murray, it will produce a decrease in atmospheric CO2 of less than 1/20 of one percent — in other words, a negligible impact on the environment. And tens of thousands of men and women who mine coal to power America will lose their jobs.

All this misery is being brought to us by the “people who care” as they exude their unearned moral superiority and sacrifice still more of our individual freedom and prosperity at the altar of their beloved Big Government — all of course “for our own good.”

Until now, the war on coal has been something most of us could ignore. But it’s about to get very real, for all of us.

As Will Rogers once said, “Never complain that you’re not getting all the government you paid for.”

[Edited, June 28, 2014]

7 comments
NeilFeuer
NeilFeuer

Murray has worked in this business for 5 decades, he grew up poor and his company, Murray Energy is the largest privately owned coal company in our country. He lives in this business, he knows the facts, he knows what has happened and what is happening in this country with this democratic, liberal government before and brought to new heights under Obama. This man, Obama is evil, Murray says, it is the biggest power grab and form of wealth distribution ever seen in America, and rightfully so, Murray is telling you his fears and we all better listen to him. He knows his facts, his business, and obviously, he loves his country as we all do, so if this scares you to death, like it does him, consider it a job well done!

And may I recommend we all see Dr. Zhivago ("100 families can live in this house") and Three Days of the Condor, ("when Americans don't have heat, gas, food because of $$$ with oil embargo or supply,"' the ending scene stated by a CIA director under the banner of the NY Times, saying, "what makes you think this is going to print"), two movies I cannot get out of my mind today, rent them, feel the urgency, IT IS WORTH THE TIME, we are that close of To full filling Obama's dream, "the Transformation of America"!!!!!!!!!!!!!

sleepergirl
sleepergirl

For the EPA and Team Obama to crush our energy supply and economy is insane while China and India keep "burning" away.  We all know this has nothing to do with caring for the environment or the citizens who inhabit the earth.  This is a pure power grab and a subtle global redistribution of wealth.


Murray has been attacked by the Ecofacists but he keeps speaking truth.  He's a old man he says but loves his family and country and wants to debunk the bunk environmental nut jobs are spewing.

WesternFreePress
WesternFreePress moderator

@NeilFeuer How is even a little bit of redistribution morally justifiable? Even a tiny fraction . . .

NeilFeuer
NeilFeuer

I didn't say that, I said we are seeing the biggest grab of power and wealth distribution ever, and very simply, I never heard the words fair chance, wealth distribution in my life, prior to this Communist POTUS.

I am strictly, no ifs ands or buts about it, a capitalist and a firm believer in the free market and freedom?

NeilFeuer
NeilFeuer

I once had a partner, when I first went into the retail business, and I learnt most of my retail knowledge from him, I did just the opposite and I was right, a good experience.

He was wrong in every decision and the final proof was his own father, who started the business, a GREAT MAN to boot, had him involuntarily institutionilized , it was his last chance! The old man was right!

Same in the case of Obama, he has brought this country down to its knees, and nothing, not one of his policies have worked, from to domestic to world wide policies, he has brought his Communistic, Muslim, socialistic agendas in our olives. Insane, without doubt, but he is not stupid, he is achieving his goals, THE TRANSFORMATION OF AMERICA, LIKE HITLER WAS INSANE, SO IS OBAMA, HE IS THE CAUSE OF EVERY SINGLE PROBLEM WE FACE!

WesternFreePress
WesternFreePress moderator

@NeilFeuer I would disagree that Obama is the cause. He is the product of a trend towards modern statism that began over 100 years go. He just happens to be the most effective agent of that movement.