Yesterday we talked about how the environmental lobby and the federal government have put us at an economic disadvantage to other industrialized countries under the guise of global warming legislation. The Obama administration intended to pass the “Cap and Trade” legislation, which would have effectively removed coal as a source of energy.
Their real intent was to generate more taxes. The coal burning power plants would have been taxed heavily under this legislation, for burning coal. It was a complex scheme that has been tried in Europe, and failed there. Of course the power companies would simply have passed that tax along to us consumers in the form of increased utility bills.
If that scheme had removed coal as an energy source what did the administration intend to replace it with? We have abundant supplies of natural gas, but the environmental lobby doesn’t like natural gas either. When you stop and think about that, it seems strange that the government and the environmental lobby are content with us burning OPEC oil, but they won’t let us use our own resources.
Since the Obama administration wasn’t able to pass the Cap and Trade legislation, the EPA has decided that they may just be able to do with regulation what the administration has failed to do with legislation. Their intent seems to be to sabotage our energy industry.
We need to get back in control of our economy. While we don’t want to pollute our world we can not put ourselves at a competitive disadvantage just to please the environmental lobby.
We should develop every energy source we have until we are once again energy independent. We still have huge reserves of natural gas and coal, and some remaining oil reserves. We should expand our use of domestic resources as soon as possible. We should also work on expanding renewable resources such as wind and solar.
France has developed a means of recycling spent nuclear fuel rods, eliminating the storage problems that we experienced. I think they may be selling this technology, so we could restore our nuclear industry, and eventually replace coal in power plants.
One of the problems in wind energy development is the need for more transmission lines to transport electricity from wind farms to big cities. If the government started working as hard to make our domestic energy available, as they have to put it off limits, we might restore our economy quickly, and without more taxes.