"Obama's Successful War on Conventional Energy Sources"

Investors Business Daily Editorial

WSJ Op-Ed by Congressman Kevin Cramer.  

Pushback against the Obama administration’s complex Clean Power Plan—which would reduce carbon emissions from power plants by 30% in 2030 from 2005 levels—has mostly focused on its staggering cost. NERA Economic Consulting, for instance, estimates the plan will increase the nationwide average price of electricity 12% to 17% over 15 years. But a pair of recent reports present an even more ominous picture. Not only will electricity cost more, Americans might not be able to get it when they most need it.

The North American Electric Reliability Corp. (NERC), a regulatory authority that monitors the U.S. and Canadian power systems, released a study on Nov. 12 concluding that the long-term reliability of the U.S. grid in some areas is already at risk. Because of rapid shifts to renewable and natural-gas generation, combined with closures of coal-fueled power plants due to existing Environmental Protection Agency regulations, “reserve margins” in the Midwest, New York and Texas have reached dangerously low levels—meaning an increased likelihood of brownouts and blackouts in the coldest weeks of winter and the hottest days of summer.

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We've chastised President Obama many times for failing to live up to promises he made when running for the office. So in fairness, we want to credit him for fulfilling one of them: his pledge to raise energy costs.

In early 2008, candidate Obama told the San Francisco Chronicle that "under my plan … electricity rates would necessarily skyrocket."

Obama was referring to his plan to cap greenhouse-gas emissions, which would, among other things, effectively choke off coal as an energy source. He was just as fond of high gasoline prices, telling CNBC in June 2008 — as gas prices shot up to $4 a gallon — that he "would have preferred a gradual adjustment."

Six years later, and Obama has succeeded.

According to the Bureau of Labor Statistics, the energy price index has been higher than the overall Consumer Price Index since December 2010 — 46 straight months and counting.

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Why the big reversal? Despite Obama's alleged "all of the above" energy policy, he's declared virtual war on conventional energy sources.

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Kenai Peninsula Clarion Editorial: 

The Ambler road. The Juneau road. The Knik Arm bridge. The Susitna Dam. The Alaska Stand Alone Pipeline (ASAP), known colloquially as the “bullet line.” The large-diameter natural gas pipeline.

Alaska has no shortage of capital-intensive megaprojects in the works, but now the state is scrambling to find funds to cover the basic needs for state operating expenses. As oil prices continue to dip, the fortunes of Alaska’s megaprojects are waning precipitously. 

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