Wednesday, June 8, 2011

Is This Why Natural Gas Continues to Rise in Price? -- Not a Bakken Story

Link here.
Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data.

Overall, the rules aimed at making the air cleaner could cost the coal-fired power plant industry $180 billion, warns a trade group.
I don't know why this is such a big story for US News; the president said as much when he was a senator from Illinois:



President Obama on Bankrupting Coal-Powered Utilities


Meanwhile China will keep burning coal.

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