Editor's Note: This column was co-authored by Roger Bezdek.
Government agencies are forcing us to spend countless billions on illusory risks and anti-fossil fuel mandates, while ignoring real threats to our livelihoods, living standards and lives.
America runs on electricity. Our lights, refrigerators, air conditioners and furnace controls, computers and internet, social media, radios and televisions, banks and ATMs, cell phone chargers and transmitters, electric cars and gasoline pumps, hospitals and schools, offices, factories, refineries, farms and water purification systems – all run on electricity. 68% is generated by fossil fuels, 20% by nuclear and 7% by hydropower.
Electricity reaches its billions of destinations through a complex, interconnected system of power lines, substations and transformers called the power grid. The entire United States is divided into just three separate grid segments: East, West and Texas
Without abundant, reliable, affordable electricity, America would sink into Third World status. If our electricity were cut off for a prolonged period, the nation would collapse into survivalist chaos.
And yet President Obama insists that electricity prices must “necessarily skyrocket” and the United States must be “a global leader in the fight against climate change.” Secretary of State John Kerry calls climate change “the world's most fearsome weapon of mass destruction.” EPA Administrator Gina McCarthy says there is “no more urgent threat to public health than climate change.”
In response, using faulty computer models and secretive pseudo-science, federal agencies are imposing “social cost of carbon” analyses, carbon dioxide emission limits and “carbon capture and storage” standards. They are implementing stringent pollution, drilling, mining and other regulations – and requiring costly power grid upgrades to accommodate expensive, unreliable, intermittent electricity from wind and solar installations. They are compelling the early closure of efficient, low-cost coal-fired power plants, with many remaining years of productive life, thereby raising electricity prices for businesses and families, and forcing ratepayers to pay for mothballed plants and new ones to replace them.
They are spending 20 billion taxpayer dollars a year just on climate change initiatives, while forcing the electric power industry to spend billions of dollars every year to comply with a plethora of rules. The Heritage Foundation calculates that EPA’s proposed climate regulations alone will cost our economy $2.2 trillion between 2015 and 2038.
Meanwhile, the Obama Administration is ignoring real threats.
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