12/07/2010

Former EPA Official: Utilities may not be able to meet new EPA standards and still provide affordable and reliable electric power.

Obama’s coming death blow for the economy

Gas prices are approaching $3 per gallon and may go considerably higher. $100 a barrel oil is seen as likely. Obama has choked off some oil production in the Gulf and made us more dependent on foreign oil. The economy is in tatters. Unemployment is at 9.8%. Barack Obama has brought this country to its knees.Now comes the knockout punch.

On April 19 EPA Administrator Lisa Jackson ruled that carbon dioxide, a gas vital to the growth of green plants, is a pollutant. The ruling gave the White House an almost unlimited control of the country and its energy.

Lisa Jackson, the EPA administrator, signed a so-called endangerment finding, stating that carbon dioxide and five other products of fossil fuel combustion are harmful to both the environment and to human health. As a result, the EPA could begin regulating automotive CO2 emissions as soon as June. The ruling also gives the EPA broad power to regulate greenhouse-gas emissions from industry and electric power utilities for the first time.

This ruling is estimated to cost at least $3 billion:

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