Israel Matzav

Win or lose, Obama's EPA plans to kill coal by the end of the month

Regardless of the election results, the Obama administration's Environmental Protection Agency is preparing to enact regulations by the end of this month that will make it impossible to build any coal-fired power plants (Hat Tip: Sunlight via Weasel Zippers).

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.

The rush is a major sign of panic by environmentalists inside the Obama administration. If Obama wins, the EPA would have another four full years to implement their anti-fossil fuel agenda. But if Romney wins, regulators will have a very narrow window to enact a select few costly regulations that would then be very hard for a President Romney to undo.

Environmentalists at the EPA pulled this trick before in 2000 when the Clinton administration rushed out a finding that Mercury emissions from power plants were a growing public health threat pursuant to the Clean Air Act. That finding did not regulate power plants itself, but it did force the Bush administration to begin a lengthy regulatory process. The Obama EPA has estimated that this regulation alone will cost the U.S. economy $10.9 billion a year.

I hope that people in Pennsylvania and Ohio are listening.

By the way, there are some Israeli companies that could benefit quite handsomely from this, because they produce 'green energy' (and that's why Sunlight sent it to me). Of course, I don't know how they will benefit if the result kills the US economy. 

Labels: Barack Hussein Obama, Campaign 2012, greentech

posted by Carl in Jerusalem @ 2:33 PM