President Obama said electricity bills would “necessarily skyrocket” as a result of his energy policies. Rural Americans are about to find out how much.
At least six electric cooperative utilities across the U.S. mid-and-southwest could raise electricity rates up to 40 percent if the Environmental Protection Agency imposes new permitting regulations on coal-fired power plants.
The regulations would cost Deseret Power Electric Cooperative (DPEC) $200 million to install advanced equipment to qualify for a Clean Air Act Title V permit. Continue reading
You can’t just be making all these bad decisions, one after the other, accidentally; but rather by design. It’s clear by now that the oil and gas industries (nor oil independence) are not a priority as Obama’s financial and political backers (i.e. Soros, Solyndra et al) within the green movement instead need to be rewarded for their loyalty during the 2008 and upcoming 2012 presidential election. You might even be shocked to know that the only oil businesses making large headway are backed by George Soros, drilling and exploring in Brazil — and only for Brazil’s benefit.
BUENOS AIRES — Off the coast of Rio de Janeiro — below a mile of water and two miles of shifting rock, sand and salt — is an ultradeep sea of oil that could turn Brazil into the world’s fourth-largest oil producer, behind Russia, Saudi Arabia and the United States.
The country’s state-controlled oil company, Petrobras, expects to pump 4.9 million barrels a day from the country’s oil fields by 2020, with 40 percent of that coming from the seabed. One and a half million barrels will be bound for export markets.
The United States wants it, but China is getting it.
Less than a month after President Obama visited Brazil in March to make a pitch for oil, Brazilian President Dilma Rousseff was off to Beijing to sign oil contracts with two huge state-owned Chinese companies.
Continue reading article: China gets jump on U.S. for Brazil’s oil (Washington Times)
See also: Obama’s Keystone Denial Prompts Canada to Look to China Sales (Bloomberg)
See also: Up Next… Obama’s New Energy Regulations Will Put 32 Coal Plants Out of Business (Gateway Pundit)