Obama will go after coal in new term --- is his black wearing off? On Nov 14, 12:28 pm, Travis <[email protected]> wrote: > 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.**** > > ** **
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