Electricity Prices Soar As Government Regulation Proliferates - Investors.com
What's really at work here is simple: Through unnecessary regulations, government has destroyed another working market, telling us what kind of energy to use regardless of cost — based solely on the green movement's moral beliefs about what kinds of energy are "good."
Electricity is now one of the most regulated goods in the U.S. Thanks to the Environmental Protection Agency's sweeping powers to regulate C02 — a power we can't find anywhere in the Constitution — electricity is becoming a very expensive commodity.
And it's about to get even more so. According to the Institute for Energy Research, EPA rules put in place to please environmentalists will remove 34,705 megawatts of coal-based energy capacity off our market.
Think about it: That's equal to about 10% of what we now produce with coal being removed from the grid.
Libs at work destroying America!
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