G. McConway
May 13, 2023

Biden Approves Restrictions to Cripple Fossil Fuel Industry

Joe Biden keeps talking out of both sides of his mouth regarding the fossil fuel industry, and that trend has continued here.

This week, Biden unveiled new regulations for fossil fuel-fired power plant emissions.

The administration touted better public health, but in reality, this is going to lead to the American people getting crushed with even higher energy prices than we are paying now, reports the New York Post.

Crushing Fossil Fuels = Crushing Americans' Wallets

The new regulations are expected to cut carbon emissions by the industry by 617 million metric tons.

EPA Administrator Michael Regan stated, "By proposing new standards for fossil fuel-fired power plants, EPA is delivering on its mission to reduce harmful pollution that threatens people's health and wellbeing.

"EPA's proposal relies on proven, readily available technologies to limit carbon pollution and seizes the momentum already underway in the power sector to move toward a cleaner future."

The administration lives in a dream world where it thinks power companies are going to spend all this money on carbon capture without passing it on to consumers.

The Henry Hub spot price, which is used as benchmark in the natural gas sector according to Fox News, says the prices are going to go up by 10 percent.

Michelle Bloodworth, the president and CEO of America's Power, stated, "Coal power plants are one of our most dependable and affordable sources of electricity.

"Unfortunately, EPA's proposed carbon rule is at least the third rule EPA has issued within less than two years that is designed specifically to cause the premature closure of coal power plants.

"The proposal raises a number of critical legal questions, including whether EPA has the authority to force the use of technologies that are not economically or technically feasible for widespread use. One of the consequences of prematurely retiring coal plants is to exacerbate the risk of power outages."

Currently, there are just shy of 3,400 fossil fuel power plants in this country, and surely not all of them are going to be able to afford these changes, which means our grid is going to get pressed. When you consider the big push for EV cars, this is concerning.

We are going to be hitting the grid harder with less power available. The concern about power outages in our future is very real and sadly, we are going to be paying considerably more for that to happen.

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