In a candid moment while running for president, Barack Obama told the editorial board of the San Francisco Chronicle, “under my plan…electricity rates would necessarily skyrocket.” Last week, the Obama administration moved to make that a reality, using its rule by executive fiat to punish the coal industry. The action comes as the president is halting offshore oil drilling and threatening … [Read more...]
Obama’s Decrees Cause Energy Prices to “Skyrocket”
January 18, 2011 By Ben Johnson
Filed Under: *Featured Bottom Right, AFL-CIO, Big Government, Economics, Environmentalism, Floyd Reports, Labor Unions, Obama administration, SEIU Tagged With: Arch Coal, Barack Obama, deepwater oil drilling, Economics, Environmental Protection Agency (EPA), Environmentalism, Executive Powers, Greater New Orleans Inc., Green Left, Gulf Oil Leak (2010), Heritage Foundation, James Hansen, Jay Rockefeller, Joe Manchin, John P. Holdren, Louisiana, regulation, Shelley Moore Capito, West Virginia
