Obama Promise Kept: Energy Prices Soon to Skyrocket from $16 per Megawatt to up to $357 per Megawatt
They say most Obama statements come with an expiration date – and most of the time it’s true. But once in awhile, the mask slips a little, and Obama tells us what he really thinks:
According to Phil Kerpen at Fox News, the market-clearing price for new 2015 capacity will be eight times higher than the price for 2012, and those numbers are not computer models, 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.
What will that do to most family budgets?
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…
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