October 01, 2012

Obama Energy Policy Hurts Poor the Most

You've heard me say it before, now experts agree.

Last week, Examiner columnist and Manhattan Institute fellow Diana Furchtgott-Roth, author of the new book “Regulating to Disaster: How Green Jobs Policies Are Damaging America’s Economy,” explained that:
Most people think green is good but pay little attention to associated increases in costs. In 2015, it will cost between $49 and $79 to generate one megawatt hour of electricity from natural gas. A megawatt hour from onshore wind will cost between $75 and $138, and from solar photovoltaic will cost between $242 and $455.
As her book demonstrates in this chart, rising costs of energy hit lower income Americans the hardest, because they spend a higher proportion of their incomes on energy:
Not only that but the policies also hurt small producers more than the so called Majors.

Like to travel for Christmas, Thanksgiving, family reunion? Obama's policies make you less free to do so via your pocketbook.

By Howie at 03:53 PM | Comments |