And EPA is pushing costs higher.
Bloomberg reports:
Energy costs for U.S. households will almost double this year from 2001, consuming a fifth of the annual income for half of American homes, according to a study by a utility group that opposes limits on coal use.
The American Coalition for Clean Coal Electricity, which includes Atlanta-based Southern Co. and Peabody Energy Corp. in St. Louis, said the 50.4 percent of households earning less than $50,000 may pay even higher costs as regulators consider limits on coal-burning power plants.
The study is “further evidence that these regs are going to cause an impact on the American family,” said Lisa Camooso Miller, vice president for media relations for the Washington- based coalition, in an interview…
We can thank Obama for rising energy costs during this time of booming natural gas development..
Well, at least Obama didn’t lie about one thing. “…energy costs will necessarily skyrocket…”