Excellent insight from the Wall Street Journal:
“[I]n truth Mr. Obama’s target is all forms of carbon energy. Natural gas is next. The higher costs will ripple through the energy chain, which is precisely Mr. Obama’s goal. Only by artificially raising the cost of carbon energy can he make even heavily subsidized ‘renewables’ competitive. In general every $1 billion spent complying with an EPA rule threatens 16,000 jobs and cuts GDP by $1.2 billion — and the agency is now writing scores of multi-billion-dollar rules. Keep in mind that last month the Administration quietly raised the ‘social cost’ of carbon by 60% in a regulatory filing related to microwave ovens. That means the EPA can jack up costs by 59.99% and still justify them by claiming the higher benefits. … The Americans who will be harmed will have to console themselves with 99 weeks of jobless benefits, food stamps and ObamaCare.”
His his policy in a nutshell: drive up costs, force a socialized paradigm, enslave us to Conflict Oil.
And on Monday, July 1st, Fornicalia faces an additional 3.5 cent tax per gallon of fuel, making the state the highest-taxed in the nation at 71.5 cents per gallon.
“A war on coal is exactly what’s needed,” says the Obama Administration.
Evidence, every day, of Mr Obama and Leftists purposely attempting to bring down the nation.
BZ
