They know that the party's over.
President Obama’s Environmental Protection Agency has devoted an
unprecedented number of bureaucrats to finalizing new anti-coal
regulations that are set to be released at the end of November,
according to a source inside the EPA.
More than 50 EPA staff are now crashing to finish greenhouse gas
emission standards that would essentially ban all construction of new
coal-fired power plants. Never before have so many EPA resources been
devoted to a single regulation. The independent and non-partisan
Manhattan Institute estimates that the EPA’s greenhouse gas coal regulation will cost the U.S. economy $700 billion.
No new coal-fired power plants? No problem!! Use wood, or old rags, or maybe hydrogen derived from water. Who needs water, anyway?
What WILL happen is that new powerplants will burn natgas. Nice--until the price of natgas rises to meet the new demand, which will be significant. And of course, the Manhattan estimate does NOT include the cost of unintended consequences--which WILL occur.
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