70-80% increase who can afford that!
Check it out:
Just what Barack Obama’s weak high-unemployment economy needs: a huge spike in energy prices! The Daily Caller gets the bad news, not from a conservative think tank, but from the Administration itself. Which means, of course, they’re probably under-selling how bad it will be:
An Obama administration official has said that the new clean coal rules could increase electricity prices by as much as 80 percent.
Dr. Julio Friedmann, the deputy assistant secretary for clean coal at the Department of Energy, told House lawmakers that the first generation of carbon capture and storage technology would increase wholesale electricity prices by “70 or 80 percent.”