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November 3, 2008

Barack Obama's Energy Plan: "Under my plan... electricity rates would necessarily skyrocket."

If by chance you haven't seen Senator Obama telling the truth about his energy plan, here are the videos that are going viral around the Internet.

Both Obama and McCain want to implement what is called a "cap and trade" system which by definition would set limits on greenhouse gas emissions. The difference is in the details, and where the limits would be set.

In a stunning admission, Obama says that his proposal, "electricity rates would necessarily skyrocket." Listen to him say it yourself:

Unbelievable. Only an envirocrazy could like something like this. Here's the transcript:

The problem is not technical, uh, and the problem is not mastery of the legislative intricacies of Washington. The problem is, uh, can you get the American people to say, "This is really important," and force their representatives to do the right thing? That requires mobilizing a citizenry. That requires them understanding what is at stake. Uh, and climate change is a great example.

You know, when I was asked earlier about the issue of coal, uh, you know -- Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I'm capping greenhouse gases, coal power plants, you know, natural gas, you name it -- whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.

They -- you -- you can already see what the arguments will be during the general election. People will say, "Ah, Obama and Al Gore, these folks, they're going to destroy the economy, this is going to cost us eight trillion dollars," or whatever their number is. Um, if you can't persuade the American people that yes, there is going to be some increase in electricity rates on the front end, but that over the long term, because of combinations of more efficient energy usage, changing lightbulbs and more efficient appliance, but also technology improving how we can produce clean energy, the economy would benefit.

If we can't make that argument persuasively enough, you -- you, uh, can be Lyndon Johnson, you can be the master of Washington. You're not going to get that done.

At least he's finally figured out that corporations simply pass their bills on to consumers. Either that or they cut jobs, salaries, or employee benefits.

I believe this is the reference to being asked earlier about coal that he's talking about:

Here's the transcript:

Let me sort of describe my overall policy.

What I've said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else's out there.

I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.

So if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted.

That will also generate billions of dollars that we can invest in solar, wind, biodiesel and other alternative energy approaches.

The only thing I've said with respect to coal, I haven't been some coal booster. What I have said is that for us to take coal off the table as a ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

So if somebody wants to build a coal-powered plant, they can.

It's just that it will bankrupt them.

Any other companies you'd like to bankrupt, Senator? Firearms manufacturers, perhaps? Drug companies so that you can take over that business too, perhaps? Petroleum producers? Once the government gets into the business if bankrupting companies, where does it end?

Obama makes clear that he's opposed to coal "as an ideological matter." Politicians who want to help people should rather be in favor of whatever works, regardless of what it is. We should have an open mind and favor whatever brings us the most energy and the lowest cost with the least pollution.

Look, I'm not at all opposed to alternative forms of energy. Yes, let's look into everything. Yes, I realize that we have a limited amount of fossil fuels and no matter what "clean technology" you implement they still pollute. But as of now things like solar and wind are pipe dreams that cannot supply but a small fraction of our needs.

I think we need more nuclear plants, but the left is unalterably opposed to that as well. Barack Obama doesn't even discuss nuclear power on the energy issues page of his website because he knows it would drive his supporters away from him. John McCain, on the other hand, sets the goal of building 100 new nuclear power plants by 2030.

Obama does say that we do need nuclear power, but we know he is not serious because he is opposed to storing the waste at Yucca Mountain. John McCain, however, supports storing our waste there, which is a prerequisite to building any more nuclear power plants.

Just to set some context, here are our current sources of electricity

figes1.jpg

As you can see, "renewable" and "envirofriendly" sources of energy make up a negligible percentage. Further, our electricity needs are going nowhere but up(source)

petawatt-consumption-history-chart.jpg


The bottom line is that demand for electricity is going nowhere but up and coal and nuclear have got to be part of the solution, at least in the short term, which we may define as the next 20-40 years. Barack Obama is opposed to both coal and nuclear power, and will make prices "skyrocket" prices for consumers.

This is not the type of change we need.

Tomorrow we go to the polls. Energy is yet another issue where McCain-Palin have the better plan.

Posted by Tom at November 3, 2008 12:15 PM

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Comments

The headline for me is:

"under my plan ...electricity rates would necessarily skyrocket."

Some people cannot relate to the coal industry or feel sympathy for power plant owners but unless they read by candlelight and heat their homes with firewood they understand the impact Obama's plans would have on them.

Even if they get a tax cut from Obama (which is doubtful, remember Clinton made that key promise in 1992 only to break it) they will surely pay more for ALL types of energy if Obama is elected.

Posted by: Mike's America Author Profile Page at November 3, 2008 3:46 PM

Yes, that's much more revealing than what I have. I'm changing mine to that too now.

Posted by: The Redhunter Author Profile Page at November 3, 2008 9:21 PM

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