Tuesday, May 22, 2012

Coal Plants - Energy - #3909 - VIDEO: Obama's War on Coal - Fox News (2) GAO: Recoverable Oil in Colorado, Utah, Wyoming, 'About Equal to Entire World's Proven Oil Reserves' - CNS News

REMEMBER WHEN OBAMA SAID IN JANUARY, 2008, "UNDER MY PLAN ELECTRICITY PRICES WILL NECESSARILY SKYROCKET" - THIS IS ONE PROMISE HE HAS KEPT, UNFORTUNATELY FOR US - THIS CLIP - 237,294 VIEWS, THE TIME HAS ARRIVED.....  


Obama’s War on Coal has already taken a remarkable toll on coal-fired power plants in America. Last week the U.S. Energy Information Administration reported a shocking drop in power sector coal consumption in the first quarter of 2012. Coal-fired power plants are now generating just 36 percent of U.S. electricity, versus 44.6 percent just one year ago. It’s the result of an unprecedented regulatory assault on coal that will leave us all much poorer. Last week PJM Interconnection, the company that operates the electric grid for 13 states (Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia) held its 2015 capacity auction. These are the first real, market prices that take Obama’s most recent anti-coal regulations into account, and they prove that he is keeping his 2008 campaign promise to make electricity prices “necessarily skyrocket.” The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt. Why the massive price increases? Andy Ott from PJM stated the obvious: “Capacity prices were higher than last year's because of retirements of existing coal-fired generation resulting largely from environmental regulations which go into effect in 2015.” Northern Ohio is suffering from more forced coal-plant retirements than the rest of the region, hence the even higher price. These are not computer models or projections or estimates. These are the actual prices that electric distributors have agreed to pay for new capacity. The costs will be passed on to consumers at the retail level.   Read more.........

GAO: Recoverable Oil in Colorado, Utah, Wyoming 'About Equal to Entire World's Proven Oil Reserves' - CNS News - The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday. The GAO testimony said that the federal government was in “a unique position to influence the development of oil shale” because the Green River deposits were mostly beneath federal land.  Read more......... AW: Unfortunate these deposits are on Federal Land, wonder how long it will take to get permission to extract.

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