But with America being known as the Saudi Arabia of coal, it’s clear that our nation – and especially Ohio – will need to continue relying on our extraordinary, domestic reserves of coal as a source of low-cost electricity capable of stimulating and sustaining long-term recovery. So with industry analysts estimating that 22 percent of existing U.S. coal-fired power plants could be shut down, with about 75 gigawatts lost (read: enough electricity to power 56.3 million homes), it is understandable why there is a mounting fear about when this wreck will be coming around the bend.
Unfortunately for the Buckeye state, the EPA has shown that it will blindly push ahead its agenda without regard for potential job losses, electric reliability issues or increased costs for everyday Americans. While there is still time for Congress to limit EPA authority and to thwart this imminent wreck, the bad news is that the train has already left the station and has shown no sign of stopping since this rulemaking process began years ago.
Ohioans can only hope that their state and federal government officials can help spread the word nationally about the repercussions of the EPA “Train Wreck” in time to successfully stop this runaway train. If not, there will be a price to pay, it will be significant, and it will be borne by the working families of Ohio and other impacted states.