Even with 14 million Americans out of work and an economy still searching for light at the end of the tunnel, the EPA is poised to enact a series of back-door mandates that will stifle economic growth. And with the speed that this runaway train is traveling, people in states like Ohio should be scared of the “Train Wreck” headed towards a town near you.
Unfortunately, everyday Americans may not realize the impact of the EPA’s “Train Wreck” of new regulations on jobs, the economy and price of essential energy until it’s too late. The truth is, even the EPA itself doesn’t quite know what these regulations might cost to implement – although various outside analysts seem to agree that, at minimum, the 10 major rules that the EPA issued in 2010 could cost the economy at least $23 billion and nearly one million jobs.
No one can say for sure how my home state,Ohio,will be impacted; we do know that Ohioans will not fare well. That’s because coal generates close to 90 percent of net electricity in Ohio and energy consumption in the state’s industrial sector ranks among the highest in the nation. Put another way, the EPA’s “Train Wreck” will destroy Ohio’s main electricity source.
But the bureaucrats in Washington, D.C. and the environmental groups’ intent on stopping the use of coal in America aren’t worried about these good-paying, blue collar jobs in Ohio. Unfortunately for us, they consider the EPA’s “Train Wreck” to be an effective means to an end. An end to coal for sure.
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.
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.