Opinion: Obama’s Energy Plan: To Impoverish America
By: Robert Zubrin On June 25, President Obama gave a speech outlining his energy plan for America. The centerpiece is a directive for the Environmental Protection Agency to develop new regulations that will make it virtually impossible to generate electricity from coal in the United States. This is harmful and absurd for many reasons. First, by shutting down existing coal-fired power plants, it will effectively destroy trillions of dollars of private property. Second, since those plants supply about 40 percent of America’s electric power, they will need to be replaced at great cost, which will be borne by ratepayers....
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