Sunday, June 12, 2011

Obama's Plan to Bankrupt Coal-fired Power Plants is Underway

chicagotribune.comCoal plants closing: Why coal plants closing means higher electricity prices:
Consumers could see their electricity bills jump an estimated 40 to 60 percent in the next few years.
The reason: Pending environmental regulations will make coal-fired generating plants, which produce about half the nation's electricity, more expensive to operate. Many are expected to be shuttered.
The video above is from before the 2008 election, so it's clear from the Chicago Tribune article that the President's plan to close coal-fired power plants via bankruptcy is proceeding as planned. I expect that coal mines and the coal distribution infrastructure will suffer a similar fate.

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