Not many people are aware of the scope and depth of new regulations that are being set on industry in general. This is not just true in the coal industry, but I use coal as an example to show how over-regulating anything creates issues and how these regulations are in other words going to destroy the coal industry in the US. While most opponents of AGW are focusing on the science or on laws, the current president has set into stone regulations through the EPA and other organizations that make in impossible to make a profit today in opening up new coal plants (and other industry) through mostly blunt instruments that do nothing but destroy the ability of coal to function.
I discussed a little bit about this in how President Obama wants to “bankrupt coal” in a previous blog post as far as how it does not work economically: Right here.
Here is a map of the actual closures slated for the next 10-15 years:
As it should be noted, these closures are spread out in many different areas of the country.
One of the largest issues today is the question of how to regulate greenhouse gases. Most of the Obama administration’s efforts to do so hinges on the supreme court’s 2007 decision otherwise known as the “endangerment finding”. This decision unknown to most people did not state that the EPA “must regulate greenhouse gases.” On the contrary, the decision made no claim in either direction on that particular point. The decision merely stated that the EPA’s current arguments against stating that GHG’s are not pollution were not valid. This part of the decision, however, is deeply flawed as well.
Picture courtesy of: http://www.solstation.com/stars/earth.htm
The man who is slated to save the economy as being the head of the jobs commission (CEA) with President Obama:
Photo from: http://swampland.time.com/2011/08/29/alan-krueger-obamas-new-top-economist/
Will he be able to save the country and still keep the president’s motivations and political ambitions as he wants him? Or the better question I tend to seriously think that applies: Does any president ever believe they can actually “Create” more jobs than they destroy? Whether you increase defense spending or stimulus spending, you end up in every case destroying more jobs than you could ever hope to create due to the fact that Government is ALWAYS going to be less efficient than private enterprise.