Guest essay by Eric Worrall
Back in 2009, Obama said that his energy plan will cause energy bills to skyrocket.
https://www.youtube.com/watch?v=HlTxGHn4sH4
In 2015, Obama says his energy plan will save you money (from 14:45)
The following is a condensed version of the relevant parts of the speeches (note the full 2015 speech contains additional material of interest, such as Obama’s comments about the impact of his new plan on poor people);
What has changed since 2009, other than a cap and trade system being replaced with straight out energy regulation? The new plan seems to call for the same expensive power plant changes, which Obama said would cause energy bills to skyrocket, when he spoke back in 2009.
What do you think? Are you reassured by President Obama’s statement, that you will save money on your energy bills, under President Obama’s 2015 clean energy plan?
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What will save me money is to never have to pay electricity bills in the USA (or Germany, or Denmark) and stay away from countries obsessed with the (taxable) myth of CAGW
most of the overage in D (Germany) and Den are taxes, not the cost of power. Those countries have made a point of encouraging power savings as a matter of national security.
So taxing the heck out of the poor is their best way to help the earth? That really seems like a lousy way to go about it and I really doubt the earth wants poor people to pay their government for no net benefit…
Well said! Please inform me of which country meets that criteria and I will come and join you.
Cheers
Roger
http://www.thedemiseofchristchurch.com
If you’re a billionaire Obama supporter or a rent-seeking multinational corporation, his energy plan will make you money.
Everybody else pays through the nose.
This is redistribution of wealth from the middle-class and the working class to the mega-rich progressive investor class. As for the poor, they will find everything more expensive and will need more assistance just to stay where they are. Want to get ahead? Good luck, because the more you make the more you will pay.
Yes, msg, yes. It is “crony-capitalism” or “corporatism” or “fascism”. Take your pick they all mean the same thing. There is great collusion, graft, greed, and money going from the government to the corporations. Money goes to the corporations in many ways; regulations, incentives, laws, red tape, grants, subsidy, tax cuts, tax breaks, and on and on and on. So where does the money come from? Why from what used to be called the middle class. (some say the suckers — one born every minute)
In the end, they don’t just want money. Rather they want power and they want to stay “at the top of the mountain”. They will use the power of the state to stay there and make sure you and I stay at the bottom. Welcome to “democratic feudalism”.
“The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.” ~ H. L. Mencken
CO2 is just one of the many imaginary hobgoblins the state is scaring people with today. Some don’t buy the CO2 hobgoblin but do buy into one of the many other scare myths being sold wholesale on your TV tonight. Oh well, seems we are just monkeys with tools after all.
“democratic feudalism”-good way to describe it
MSG – Hi from Oz. I agree, but my understanding of the state of what’s left of the US middle class (see investor sites like http://www.advisorprespectives.com) is that they are tapped out with debt and earning less than 10 years ago, and won’t be volunteering to pay more for less energy, or anything else, for the foreseeable future. I only hope the Republicans can get their stuff together to find a Presidential candidate for your next election, otherwise its time for hardworking US citizens to look for a new place to live. Best of luck!
I’ve got to say, as I look at this I’m thinking that the rich will get richer because they are going to bet on (invest in) the companies who will make money though this new regulation. I’m not one who thinks that increased CO2 will cause massive, life changing increases in temperature, and I’ve not changed my life to prepare for increased warming in any way.
But, I don’t want to be a wage slave for the rest of my life, either. If President Obama has unveiled a plan that will force a change in the way energy is produced, and rich progressive investors will profit from a re-distribution of wealth from the working class, I’m thinking that I want in on that sweet bounty of wealth redistribution. If money is going to flow from people who work 9 to 5 jobs, paying taxes, living in apartments, buying beer and grilling out on the barbecue, then I want to be there to catch some of it.
The mechanism for this flow of money seems to be making electricity from energy companies run by coal powered generators much more expensive. Well, that’s something that I can watch for, and control for. If we have cost shifts in electricity, I can certainly take steps to manage my electricity costs. More to the point, however, I can start investing in companies that are due to profit off of this, and watch my wealth expand right along with theirs. Why should they be the only ones to come out on top from this?
So, I guess I’ll just work on preventing my costs from rising, where I can, and follow the smart money and invest in whatever is going to be replacing coal in the short term. This has nothing to do with the environment, as far as I’m concerned, but, when it appears that trains are going to take over from horse drawn wagons, one stops investing in horse feed and starts investing in railroads. It’s just the smart way to look out after my own personal future.
If Obama Energy does for energy what Obamacare did for healthcare I’ll be in the poorhouse in no time.
+1
Costs will skyrocket.
I think Willis answered your question two days ago …costs go up 3.3 x……
And if you like your old electricity bill , you can keep it ….(8>(( … I wish…
I’m glad that my daughters are smart and going for high paying engineering jobs. They’re going to need every penny with the democrats and liberals in control.
Not many engineers are needed in countries that don’t manufacture anything!
Will Obama’s energy plan save you money?
What a ridiculous question. What has our narcissist in chief ever done that has saved money for anyone?
If you look at the text, they say they will save you money over the BAU price of energy. So it does not mean that it will cost you less than you are paying now, it means that you will pay less than you would have paid without the rule. So when the time comes, there will be no way to actually verify if that statement is true or not, since all the bills will be higher. In my book, that means it is a logical null.
Supply, meet demand.
I bought a $7,500.00 EPA-approved wood stove last year. THAT will save me money.
Ultimately. No thanks to the Tiresome One.
Be watchful, my state (Utah) tried to ban them last year. While the EPA seems to still support these EPA stoves, some local environmentalists feel that anything which burns wood is bad and must be banned from use. After some public hearings which had massive turnout and 99% against their idea, the new head guy at Utah’s environmental office has made statements indiciating he’s going to try the ban again soon.
Hope you don’t live in Michigan. There are environmentalists who are trying to outlaw burning wood here.
[Snip – OTT. mod]
Aww.. okay..
How about we stop enviro’s burning anything and demand they live as they espouse others – to freeze in the dark and eat their food raw and cold?
But aren’t they the ones who espoused biofuels & burning of biomass to produce electricity?
Obama and the EPA are crooks, they are pathological liars. The day this man was born placed a curse on America and the World. He is a living,breathing cluster F bomb to the economy and all the good things American!.
+100 well said!!
97% of the world agree with you.
Obama is a politician. Politicians lie—- that’s how they get us to elect them in the first place. So—do I expect Obama’s plan will save me money? In a pig’s eye.
Obama saying you save money means you loose money. That is pretty simple here. I’m not sure what he wants but definitely it has nothing to do with you saving some money.
How can you tell Obama is lying? His lips are moving.
At about 16:30, is he really drawing a connection between asthma and climate change?
He’s claimed that global warming has caused his daughter’s asthma. But his smoking in the home has had nothing to do with it.
Surprise, the kid has a food allergy.
But there has been no climate change for 18 years. How can she get asthma from temperatures that are not rising? CO2 is really magical!
It is the OHC.
You would think that claim is self-evidently preposterous. If renewables were cheaper than coal they’re certainly not cheaper than building nothing and simply using existing, adequate plant. The last thing any developed country needs is more electricity supply.
But the people have been lied to SO much I suspect “47%” will actually hear this and think “Obama is making my power cheaper AND saving the planet” – I’m predicting it polls well. In Oz, an uncosted ecoloon wishlist seems to be and the meeja is howling down any attempts to “scare” people about costs of $100bn for something we don’t need.
Of course. The more you spend, the less you’ll lose once hyperinflation kicks in.
Essentially everything he says is a lie. “Like your doctor, keep your doctor”, for example
CO2 has risen 10 percent in the last two decades and temperature has not budged a bit (satellite data).
QED. Hypothesis of man-made global warming is falsified.
Tell your representatives to stop listening to this sh*t, stop accepting the premise of stupid “climate-deniers” questions, and stop accommodating ANYTHING this administration proposes. Tell the media to “Sit on it and spin”, as Ted Cruz recently did [a bit more eloquently]
Go on offense! Challenge everything they say and every scheme they hatch. Demand facts. Conduct investigations across the board. Issue subpoenas. Send Federal Marshals to confiscate records, computer files, hard drives, the works. Indict those who have fraudulently used federal grants, those who have suborned perjury, those who have conspired to avoid FOIA information requests, those who have given false testimony to Congressional committees, etc., etc.
Deal with this corrupt regime as it actually exists. Kick some butt.
The fate of our Republic is at stake.
So no, the Obama energy plan will not save you money, nor make electricity more plentiful or reliable. What a shock.
As an Ontarian already in the grip of the rent seekers, who are currently pushing to have industrial wind turbines placed in an area in Prince Edward County that is not only the biggest flyway between Ontario and New York but also (supposedly) a wildlife area, Obama and the EPA’s plans to take coal off-line may take the sting out of our over-priced electricity bills, knowing yours will now sky rocket. What a great way to level the electrical costs playing fields!
It costs a lot of money to go green, if that means building a massive gas powered generation system to back up unreliable green power or to replace coal, so replacing America’s coal plants with gas plants will be a boon to the turbine manufacturers (and others). Sure power rates will go up, but think of all those construction jobs and how well the gas producers will do.
Yes what ethanol did for feed costs and the cost of food!
What do you mean I am being sarcastic?
Will Obama’s plan save you money? Yes, if you’re applying for renewable energy subsidies.
He is a despicable person and history will substantiate that fact.
Hey, you never know. Maybe in an alternate, topsy-turvy, black-is-white reality it would save money.
How about a half black – half white world? Oh. Wait ….
It will not save money. It will cost money. It’s ObamaCare all over again!
For sure.
Once you hit poverty you have no money to spare, so Obama will save you from making any spending choices.
Sort of what all these do-gooders all aspire to, it is a free world as long as you chose what they want of you.
if you believe this is “efficient” and “relatively painless”, you obviously haven’t been paying attention:
5 Aug: Bloomberg: Don’t Like Obama’s Carbon Plan? Fine, Here’s Cap and Trade
by Mark Drajem and Lynn Doan
Now, while the Chamber (of Commerce) said it opposes the new Environmental Protection Agency’s carbon regulations, many company representatives say they’re pleased that trading can be used to help them keep down the cost of cutting their use of coal under the EPA regulations.
“Trading is one of the most efficient ways to get the market to act,” said Arvin Ganesan, vice president at Advanced Energy Economy in Washington, which represents companies such as Johnson Controls Inc. and First Solar Inc. “It yields results and minimizes the cost on customers.”…
“It’s a really big leap forward,” said Bob Wyman, a lawyer representing companies such as Alstom SA, Calpine Corp. and Boeing Co. which support the EPA’s efforts and say they want them to work. The way EPA set it up, states can enter a trading system by default and so that may be the easiest option.
“It makes it easier for the rank-and-file officials to say that this is doable,” said Vicki Arroyo, the head of the Georgetown Climate Center. “It will be relatively painless.”…
http://www.bloomberg.com/news/articles/2015-08-04/don-t-like-obama-s-clean-power-plan-fine-here-s-cap-and-trade
We all forgot something. I remember clearly, in Obama’s first term, the administration made a huge push for a Cap And Trade system. This was a major policy initiative and part of his “Fundamental Transformation”. After a while the bill got bogged down in congress. To get it moving, the president made open threats, on numerous occasions, that if the C and T bill failed, he would use the EPA to regulate the power industry. And he made it clear that the regulation would be far worse than any C and T legislation would be. He was outright blackmailing congress, there is no other way of putting it. In any event, congress declined on the C and T bill.
Viewed from this historical perspective, this program is nothing more than president Petulant making good on his threats. This regulatory agenda is designed to hurt and cause harm, it is just that simple.
What kind of morally bankrupt leader would actually propose such a thing.
C’mon, it could be worse.
http://2.bp.blogspot.com/_RXVj0-Id5pQ/R5tjr3gFEuI/AAAAAAAAAIk/jw_AWocGDpY/s1600-h/Skeletor4.jpg