Obama Delivers a Death Blow to the Coal Industry

Pages: 1 2

Historically, natural gas prices have been very volatile and, despite the current glut, there is no reason to believe that supply will so greatly outstrip demand in the long run. The big energy players in natural gas, companies like Chesapeake, Cabot and Chevron, are working hard to create new markets, increase demand and thus get prices back up. A major South African chemical company recently announced plans to build a plant here that will produce gasoline from natural gas feedstock. Several players in the energy market are in the initial stages of planning Liquefied Natural Gas (LNG) terminals with exports to Europe and Asia in mind. There are plans in the works to create more natural gas infrastructure so that the nation’s truck fleet will convert over from diesel to natural gas.

Perhaps most importantly, using natural gas to generate thousands of megawatts of power will consume huge quantities of the fuel, thus necessarily causing prices to rise as more new power plants come on line. It’s no surprise that the two big manufacturers of natural gas fired-turbines – GE and Siemens – have been flooding the airwaves with commercials extolling the virtues of their wares. Both companies stand to make a whole lot of money in the next few years thanks to the Obama administration’s all-out war on coal.

In contrast to the volatility of natural gas prices, coal prices have always been pretty steady. Thus the coal fleet (along with the nuclear fleet) has helped to dampen out any fluctuations in natural gas that affects that relatively small portion of energy production in the United States. As we shift away from coal and put more of the energy burden on natural gas, electricity prices are likely to fluctuate more than they ever have and are likely to increase substantially over the long term as well.

It’s a shame that we’re knowingly abandoning such a cheap, reliable and plentiful resource like coal in a foolish effort to fulfill a ridiculous crusade led by eco-puritans. It’s maddening that such a decision was made not by Congress, nor by the voters, but by a few faceless bureaucrats hiding behind global-warming pseudo-science that has become the twenty-first century’s version of alchemy. But that’s where we are and, unless something changes this November, that’s where we’re likely to be for quite a while.

Freedom Center pamphlets now available on Kindle: Click here.

Pages: 1 2

  • ebonystone

    The EPA has long out-lived whatever usefulness it may once have had. A top priority for the next Congress will be to eliminate this rogue agency and its programs, and to cancel itsbudget — saving the taxpayers $9 billion a year just in taxes, and untold tens of billions in paying the costs of its unnecessary regulations.

    • Tanstaafl

      I agree. When the EPA acts as a tyrant, it's time for it to go.

  • Steve Chavez

    If only cars could run on "Green Bio-Bullsh*t" since that's what Obama has plenty of!

    • Jeff B

      Beautifully put.

  • UCSPanther

    First, this excuse for a president kills the Keystone pipeline giving China an advantage over them for oil supply, and now, is trying to "remove" coal plants.

    Obviously, these idiots refuse to realize that the technology in coal plants has come a long ways since the early days, and they don't care if they cripple our society and condemn us to another dark age.

    • http://www.youtube.com/watch?v=nLNn2YflwNs Roger

      He's just like Pol Pot of Cambodia, he wants us all in the rice fields living in approved one room mud huts.

      • Waitseriously

        You are 100% correct. Attempts to limit power plant emissions should always be equivocated to the slaughter of 3 million people.

        • http://www.youtube.com/watch?v=nLNn2YflwNs Roger

          The dictator is still consolidating power through corrupt and stolen elections like Reid and Franken.
          We're facing a Nazi Germany style of life now, with TSA and the EPA stealing our freedoms and rights.
          Soon, we'll have rationed healthcare and death panels, the deindustrialization along with forced lower quality of life imposed by things like restricted light bulbs and green toilets and high mpg cars will steal our 1st world lifestyle.

          It won't be any one thing that end up killing 3 million old and sickly. Thank goodness you were informed enough to realize it.

  • Schlomotion

    This is just ALEC, ABEC, Scaife, Koch and Exxon telling us that Global Warming is not happening and that coal is a cure all.I think this is the only statement we should hear loud and clear:

    "No coal-fired power plant can meet the emission limit (1,000 pounds of carbon dioxide per megawatt of power produced)"

    If you go here and click on "Last 1000 years" you will have statistical evidence collated from various sources simply showing global temperature. Global warming is happening and coal production cannot meet the emission limit. http://www.wolframalpha.com/input/?i=Is+global+wa

    • mikehouar

      Junk Science based purely on a political agenda. If you beleive this, start walking, stop using lights, stop eating food you dont grow yourself without fertilizer, dont fly, dont ride any form of public transport, dont use any product created by industry, and dont wear anything that is not natural.

      Then you will no longer act and appear to be the hypocrite that most, if not all of the so called "global warming " crowd are. If you cannot see the real agenda behind this eco- insanity, then you are not only blind, but part of a process that will unwittingly result in a drastically lowered standard of living and ultimately greater social disruption than you might imagine,

      • Schlomotion

        I see. So there is a global conspiracy to fudge global temperature readings? Interesting. And because I don't like toxic waste in the drinking water supply I should also dress in hemp sackcloth? Because I don't like Cesium 137 raining on my head, I should live in a shack with no electricity? Because I don't like oil spills all over the beach I should ride a bicycle every time I need to travel 1,000 miles? I think I hear you loud and clear.

        • http://www.youtube.com/watch?v=nLNn2YflwNs Roger

          You never heard of 'climategate' a scandal that released their own internal emails admitting global warming was a hoax?

          • Schlomotion

            I have heard of it, but the temperature of the Earth is apolitical.

          • http://www.youtube.com/watch?v=nLNn2YflwNs Roger

            Yes, and all your liberalism won't warm it a single degree.
            In spite of the talking points.

          • Schlomotion

            Is liberalism bad? Why do you hate: constitutionalism, liberal democracy, free and fair elections, human rights, capitalism, and the free exercise of religion?

          • http://www.youtube.com/watch?v=nLNn2YflwNs Roger

            Classic liberalism is a brave thing.
            But statism as it has co-opted liberalism is a corrupt evil that has failed each time it's been imposed on any society.

            I love constitutionalism, the declaration of Independence saying I have rights not given by man, and not for man to take away from me. Not you, not obama and not any secretary of HHS at her whim.

            All these things you listed, are being stolen by liberals in DC as you sit typing, so don't pretend liberalism is the defender of any of it. Ask the Catholics who won't pay for birth control pills and may have to shut down their healthcare systems to avoid it.

          • Jeff B

            "Why do you hate: constitutionalism, liberal democracy, free and fair elections, human rights, capitalism, and the free exercise of religion? "

            That is laughable. (distiguished from classical liberalism-above) Todays' Liberals are at odds with democracy, Constitutionalism, fair elections and, yes, free excercise of religion.

        • JoJoJams

          1000 years! is that all?? Why don't you look at the temperature trends over millions of years? (do a google – it's out there). That 1000 year "trend" is more accurately due to….coming out of a "little ice age" cold spell. The 1k graph looks good for the "believers" if you ignore the rest of the historical record. Get a clue: Look up the trends of temperature over millions of years. The earth has been MUCH hotter, with triple the Co2 in the atmosphere, than it is now – and it's also been much colder. One thing that the geological record shows: The higher temperature and CO2 is actually BETTER for plant life….which in turn is actually better for we mere animals. But let's not let our own misguided hysteria get in the way of FACTS that cover millions of years! Not just a small "eye blink" of time, in the long course of this strange world.

    • Vic Williams

      Right, Koch and Exxon who have no coal assets and who both stand to gain enormously from the coal ban (since both are big players in natural gas) are pushing coal as a "cure all". If you're going to spew conspiracy theories, as least let them make a little sense.

    • csev

      i bet you also believe the rigged statistics that al gore and his minions manufactured and have been proven totally false about man made global warming!!

    • Western Canadian

      Your last 2 sentences demonstrate that you have no inate ability or training in any form of science. You are merely a loud mouthed ludite…

    • aspacia

      Schlock,

      You link is not scientific, and this Wiki link is not usually considered valid, but I sourced it: http://en.wikipedia.org/wiki/List_of_scientists_o

      It is proved than the North Pole was tropical several millennium ago, long before humans. Climate Change does occur, and I hate pollution, but I doubt it is changing the climate.

    • LibertyWriter

      When all you have to sell is hogwash, you don't sell much hogwash.

    • Rifleman

      Global temps rise and fall, and the climate has been changing as long as we've had one. Carbon dioxide is not a pollutant. Oh yea, and I notice you don't dispute the headline.

  • old white guy

    you just have to keep laughing at the fools who voted for obama. i hope each and everyone of them either dies from the heat or freezes to death in the cold. i wonder how those brilliant coal miners in penn state think about their democrat heros? they will have to burn their bibles for heat and i know they will not use their guns to keep their freedom.

    • mlcblog

      it is really hard for me to laugh at this destruction

  • Eagle in NYC

    Soros May Benefit From White House’s Natural Gas Proposal http://blog.heritage.org/2012/01/26/soros-may-ben

  • DogsHateRomney

    Speaking of the White House:

    ~ When Michelle Obama looked out the West Wing window, she got arrested for mooning.

  • mlcblog

    Good word — maddening. And how many people actually know about this??!

  • DogsHateRomney

    The late Grand Kleagle, Sen. Robert Byrd is rolling in an eternal crypt of coal.

  • Jeff B

    Obama's "all of the above" really means SOME of the above. Will his lies ever stop?

    • Jeff B

      All of Obama's straw men cannot defend his policies. (and there's a lot of them) He claims there is "no single thing" — "a silver bullett"– a president can do to lower gas prices…or solve the problems. NO…not a "SINGLE thing"! He's doing everything wrong in his war on energy. How many can you count?

      • walterc

        But there is a single thing he could do, announce that he's streamlining the drilling permit process on federal lands on and off shore and he's opening up ANWR for immediate drilling.

        Even if he doesn't do it, just announcing it will drop $1 per gallon off the price of gas. The price is up because of speculation that there is going to be shortages. Tell them that thee won't be, and the price will come down.

  • Marti

    The coal miners union head was told in 2008 what Obama was going to do to the mining industry, the sheeple still voted for him.
    Blame goes on the people who voted this idiot into office.
    Elections have consequences. This is not a good one, is it union boys?
    Everyone suffers for your lack of judgement.
    How's that HOPEY CHANGEY thing going for you?

  • citizen

    Every please vote this guy out even Bush didnt stab us in the back like this

  • guest

    I agree VOTE THIS GUY OUT

  • https://www.facebook.com/jackie.cox.9231 Jackie Cox

    U.S. automobiles and light trucks are responsible for nearly half of all … American Cars Emit More Than Their Share of Carbon Dioxide, Study Says … That much carbon could fill a coal train 55,000 miles long—long enough to circle the Earth … while obama trys to shut down all new coalfired power plants, a ton of jobs

  • https://www.facebook.com/jackie.cox.9231 Jackie Cox

    barry or whatever whoever he really is we may never know, but with eahc passing decision he makes he does so without access to the variables, the debris of those decisions by an malformed, scientifically uneducated being, who seized his position as a direct result of ACORN submitting voter registration the day before election, disabling any form of voter registration verification, now holder is against voters proving they are who they say they are, while allowing them to vote multiple times, in as many ACORN polling stations setup for the 2008 election fraud, while the ACORMN STATIONS SUBMIT WHATEVER THEY WANT. An independent international agency lists us as the 6th most politically corrupt democracy on earth