Moreover, the anti-hydrocarbon global warming “solutions” the Obama Administration is imposing will bring no real world benefits – even assuming carbon dioxide actually drives climate change. That’s largely because China, India and other developing countries are increasing their use of coal for electricity generation, and thus their CO2 emissions – far beyond our ability to reduce US emissions. These nations rightly refuse to sacrifice economic growth and poverty eradication on the altar of climate alarmism.
Even worse, the health, welfare and environmental justice benefits that EPA claims will result from its regulations are equally exaggerated and illusory. They exist only in the same dishonest computer-generated virtual reality that concocted its alleged climate change, health and environmental cataclysms, and in junk-science analyses that can only be described as borderline fraud.
Implementing EPA’s regulatory agenda will inflict severe economic dislocations and send shock waves through America’s factories, farmlands and families. Far from improving our health and welfare – they will make our economy, unemployment, living standards, health and welfare even worse.
EPA’s new automobile mileage standards alone will result in thousands of additional serious injuries and deaths every year, as cars are further downsized to meet its arbitrary 54.5 mpg requirements. Its anti-coal rulings and anti-fracking attitudes will severely impact electricity generation, reliability and prices; factory, office and hospital operations and budgets; American industries’ competitiveness in global markets; employment, hiring and layoffs; and the well-being of families and entire communities. Especially for areas that depend on mining and manufacturing – and the 26 states where coal-based power generation keeps electricity rates at half of what they are in states with the least coal use and toughest renewable energy mandates—it will be all pain, for no gain.
According to the Wall Street Journal, a White House letter to House Speaker John Boehner inadvertently acknowledged that EPA alone is still working on new regulations that the agency itself calculates will impose $105 billion in additional regulatory burdens and compliance costs. Win or lose in November, the Administration will likely impose these and other new rules after the elections. We, our children and grandchildren will pay for them in countless ways.
Utilities will have to spend $130 billion to retrofit or replace older coal-fired units, says energy analyst Roger Bezdek – and another $30 billion a year for operations, maintenance and extra fuel for energy-intensive scrubbers and other equipment, to generate increasingly expensive electricity.
Duke Energy’s new $3.3 billion coal gasification and carbon dioxide capture power plant will increase rates for its Indiana customers by some 15% the next two years. Hospitals, factories, shopping malls and school districts will have to pay an extra $150,000 a year in operating expenses for each million dollars in annual electricity bills. That’s four or five entry-level jobs that won’t be created or preserved.
Nationwide, 319 coal-fueled power plants totaling 42,895 megawatts (13% of the nation's coal fleet and enough for 40 million homes and small businesses) are already slated to close, the Sierra Club joyfully proclaimed. Illinois families and businesses could pay 20% more for electricity by 2014, the Chicago Tribune reports. Chicago public schools may have to find an extra $2.7 million a year to keep the lights and heat on and computers running.
Higher electricity prices will further strain refineries already struggling with soaring electricity costs and EPA’s sulfur and other regulations, restrictions on refinery upgrades and construction, constraints on moving crude oil to East Coast refineries, and other compliance costs – all of dubious environmental or health benefit. Three East Coast refineries have already closed, costing thousands of jobs and causing the Department of Energy to warn that pump prices are likely to soar even higher in Eastern states.
When we include discouraged workers who have given up looking for jobs and people who have been forced to work fewer hours or at temporary jobs, our unemployment rate is a whopping 19 percent – and double that for black and Hispanic young people. America’s labor force participation rate is at a 30-year low, its 2011 economic growth rate was a dismal 1.7 percent.
Well over a million US workers age 55 and older have now been out of work for 27 weeks or more. Not only do prospects plummet for re-employment of older workers. The longer they are unemployed, the more they are disconnected from society, the further their living standards fall, the more their physical and emotional well-being deteriorates, and the more likely they are to die prematurely.
The cumulative effect is that families have even less money to buy food, pay the rent or mortgage, repair the car or house, save for college and retirement, take a vacation – and keep people comfortable (and alive) on frigid winter nights and sweltering summer afternoons. Health and welfare, family relationships, future prospects and psychological well-being plummet. Because they spend the highest proportion of their incomes on energy, poor and minority families suffer disproportionately.
And yet EPA’s regulations, regulatory agenda and horse-blinder definition of health, welfare and justice ignore these realities – and ensure that this intolerable situation will only get worse. In fact, the only welfare EPA’s rules will ensure is the expansion of our welfare rolls, our unemployment lines and our already record-setting food stamp programs.
Worst of all, our Congress and courts have completely abdicated their obligations to provide oversight and control of this dictatorial agency and Obama Administration. If this is the hope, change and future we can look “forward” to, our nation’s health, well-being and justice will be bleak, indeed.
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