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