11-04-2008, 12:48 PM
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| Seasoned Veteran | | Join Date: Jan 2007 Location: Kentucky
Posts: 11,213
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 Skyrocketing Energy Prices
Hot Air » Blog Archive » Obama: I’ll make energy prices “skyrocket” Quote:
In another clip from the same January 2008 interview with the San Francisco Chronicle in which Barack Obama promised to bankrupt anyone foolish enough to build coal-burning power plants, he also made an interesting admission about his entire energy plan. Obama told the editors that his policies would make energy prices “skyrocket” as the energy industry passed along the exorbitant costs of his cap-and-trade policy:
You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.
| Just remember how much fun it was a few short weeks/months ago, when fuel was pushing $5.00 a gallon.
It will happen again, as will the cost of electricity skyrocket because coal is evil.   |