Ohio coal mine closes because of Obama administration environmental policies

From CNS News.

Excerpt:

A stop not scheduled during the president’s third visit to the battleground state in four weeks was a coal-mining operation near Brilliant, Ohio, run by Ohio American Energy Inc., a subsidiary of Murray Energy Corp. The operation employed 239 workers at its peak but will be closing as the result of President Obama’s environmental policies.

Regulatory actions by President Obama and his appointees and followers were cited as the entire reason in the press release that announced the closing. “Mr. Obama has already destroyed 83,000 megawatts of coal-fired electricity generation in America,” said Michael T.W. Carey, vice president of government affairs for Murray Energy. “Electric prices in the recent PJM Interconnection monthly auction were bid up 800% for 2015-16 because of this,” he added.

PJM Interconnection, the company that operates the electric grid for 13 states, including Ohio, recently held its 2015 capacity auction. This gave the first real indication of just how drastic the effects of Obama’s war on coal will be. The market-clearing price for new 2015 capacity was $136 per megawatt.

That’s eight times higher than the price for 2012, which was just $16 per megawatt. In Pennsylvania, the new market price is $167 per megawatt — 10 times higher. In northern Ohio, which is suffering from more forced coal-plant retirements than the rest of the region, the 2015 price is an astounding $357 per megawatt.

This is one campaign promise President Obama has kept. In 2008, candidate Obama promised a system under which “if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”

I’m sure that some of the people who lost their jobs voted for Obama. Maybe they were even familiar with that quote of his. But they just didn’t put two and two together to make four. Will you do that in November? I think that the one thing you want to do in life is to NOT hurt yourself with your own actions. Never vote to take away your own job.

3 thoughts on “Ohio coal mine closes because of Obama administration environmental policies”

  1. This is a fantastic post which tells us the repercussions of Obama. But even more, it tells us of Obama’s desire to completely change the structure of our country, and his conniving method of doing so. Most of these effects occur when there is very little that can be done to change them. The major aspects of health care reform occur after 2014, after his possible re-election. And for coal, people won’t see the effects till 2015. It’s like a dormant virus, really a cancer, ready to destroy the liberty we have in our country. All in the service of people who think government is the answer.

    I just wish the effects would come sooner, so people would be able to see the connection. Cause and effect is something voters don’t seem to understand. Because of the time delay, I doubt most voters, who are uninformed, will even think that the policies now will lead to the higher prices.

    Like

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