And they call this an energy policy?
Patriot Update – Chris Skates – 3/31/2012
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With one coal plant after another beginning to shut down, has anyone asked who will fill the void in the grid when the economy does come back? With a rebounded economy and the old reliable coal plants in mothballs, won’t we reach a tipping point where demand will force electric rates to “skyrocket”?
National coal exports to
doubled from 2010 to 2011. While this may be good for the mining industry, it doesn’t do a thing for American utility companies who are being rabbit punched by the Federal fist of regulation on one hand, while receiving a roundhouse of decreased electricity demand with the other. China
It would seem that
energy policy in the year 2012 goes something like this: First, we panic over the non-threat of catastrophic man-made global warming. As a result we drastically increase regulations on reliable, cheap, coal-generated power to make it less reliable and less cheap. US
Second, we propose a solution that under the best of conditions can only produce a fraction of our energy needs and even that at a greatly increased cost. Then we build the infrastructure for said system and force the rest of the market to purchase the more expensive power for which there is no demand. This not only results in increasing costs to the consumer. It also forces the cheaper coal plants to back down their generation, harming their plants physically and their bottom line economically.
Third, through both regulation and these convoluted economics, we severely limit the ability of our nation to benefit from one of our most abundant natural resources and cede the advantages of that natural resource to
. This decision allows China to have abundant access to the $.06 power mentioned above while simultaneously allowing them to preserve their own coal deposits for a rainy day. China
Finally, the last I heard, we are a debtor nation and as already mentioned
may hold as much as half of our foreign debt. So could we possibly be paying interest to China on the windmills that will provide us with more expensive, less reliable power? China
Who knows? With an energy policy like this, by the time
has to seriously tap into their own coal reserves our economy will be so damaged enough that we mightn’t need our coal anyway. China
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