When Barack Obama was running for president in 2008, he stated that under his plan “electricity rates would necessarily skyrocket”. Well, now it looks like he is finally getting around to keeping his promise. New EPA rules that are designed to cripple the coal industry could send electricity rates soaring by up to 40 percent in many rural areas. And even though we have enough coal in the ground to provide hundreds of years of energy at current levels of consumption, Obama’s plan is going to force large numbers of coal plants to completely shut down because they are simply going to become too expensive to operate. If Americans living in rural communities didn’t care for Obama before, they really are not going to like him much when these new EPA regulations start kicking in.
(Read the rest of the story here…)