Obama’s Energy Plan: Costs Rise, Jobs Decline?
energy prescriptive -- one of the most dangerous policies embraced by his
administration. While he urges Americans to “place your bets on a
clean-energy-future,” he is asking them to accept a heavy tax on our economy.
When Obama claims, “We can’t rely on the fossil fuels from the last century,” he
reveals an outdated grasp of our country’s energy profile. How ironic that this
“new generation” leader is so behind the times.
A new report from Robert Bryce of the Manhattan Institute
details the harm done by the fanciful quest for clean energy at any price. Mr.
Bryce has studied the impact of so-called “renewable portfolio standards” (RPS)
– the kind of directive that Mr. Obama wants to set for the entire nation -- on
the 29 states that have adopted these required minimum mandates for “green”
energy. He finds that forcing utilities to buy wind and solar energy drives up
electricity costs and slows growth. Specifically, in the states adopting RPS,
electricity costs were on average 32 percent higher than in states without such
mandates. In coal-dependent states, the damage is even worse; in the past
decade, those regions have suffered a 54 percent hike in electricity costs.