Saturday, December 31, 2011

As Obama threatened -- utility prices to escalate

Electric utility rates are to climb steadily because of new regulations imposed by the EPA (read Obama), according to a recent announcement by AEP Swepco.  Sometimes politicians mean what they say.  Obama said early in his administration that he wants utility rates to double and gasoline prices to escalate. He is trying his best to bring these changes about.

The president threatened to end generation of electricity by coal-fired plants.  He explained that the industry might not be destroyed by law but would be regulated and taxed out of existence.

We need a sane energy policy, one that would promote the development of domestic sources and reduce the need for foreign oil and gas.  Obama opposes every policy that would lead to the creation of jobs.  The future of this nation is in danger.

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