The House of Representatives,controlled to a large degree by economic and social conservatives,is doing everything it can to block the EPA from further destroying our economy and making it nearly impossible to exploit our abundant energy resources…We’re facing an energy catastrophe until there is regime change in 2012.
AOL’s Energy blogger Margaret Ryan lays out the depressing realities we face with a Democrat-controlled Senate and Obama in the White House.
Congressional deadlock means two game-changing Environmental Protection Agency rules are poised to take effect unless a court stops them or the White House weighs in.
The rules will cost electric utilities and their ratepayers billions.
These rules include the Maximum Achievable Control Technology (MACT) and the Cross-State Air Pollution Rule (CSAPR).
Ryan correctly states that the MACT rules will mean the shutdown of many smaller,older coal plants. Shutdowns will amount to the loss of between 30-70 gigawatts of “more than 300 coal-fired” plants. This one rule will cost the economy $10.9 billion annually. Some estimates are even higher.
In short,the EPA is creating an economic and energy nightmare on our nation,but….