http://tinyurl.com/d6slytb**** Obama will go after coal in new term****
Chris Woodward (OneNewsNow.com) Saturday, November 10, 2012 **** *An energy policy analyst sees President Obama bankrupting the coal industry now that he's been reelected.* Tom Borelli, Ph.D., senior fellow with FreedomWorks<http://www.freedomworks.org/>, comments about the issue.**** "Well, this election was certainly a turning point, not only for America and for our freedoms and liberty, but also for the whole fossil fuel industry," he says. "Tragically, with the reelection of President Obama, I really do have deep concerns about really the ultimate survivability of the coal industry."**** The coal industry and special-interest groups have long argued that new and incoming regulations from the Environmental Protection Agency (EPA) would result in the closing of coal-fired power plants, prevent the construction of new ones, and kill jobs.**** In 2008, then-Senator Obama made headlines by saying<http://www.youtube.com/watch?vBqHL404zhcU>that under his plan of a cap-and-trade system, "electricity rates would necessarily skyrocket regardless of what I say about whether coal is good or bad." He went on to say that will cost money, and utilities will pass that money onto consumers.**** "Cap and trade did not pass, but he's been using the EPA to wield many regulations, including greenhouse gas emission regulations," says Borelli. "Going forward, I really do see the president bankrupting a lot of the coal industry."**** Some utilities have switched over to using natural gas, and many OneNewsNow readers have commented that is a sign of the free market. Borelli disagrees, adding it is more from regulations involving coal than anything else.**** ** ** -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
