Obama’s Decrees Cause Energy Prices to “Skyrocket”

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 one … [Read more...]