Also in this playlist...
This transcript is automatically generated
He stepped back ought we focus on the coal industry in this installment of regulation nation.
Facing tough times because of new EPA regulations and as a result companies are.
Killing jobs and consumers could face higher energy prices -- Elliott senior fellow at the National Center for Public Policy Research joins me now top.
What -- these new regs or what specific new regulations from the EPA are really hitting the coal industry.
How many hands come the thing is you have in your hands and so maybe -- -- that's been coming like despite all the circumstance pomp and circumstance of president Bob interest and jobs.
He's unleashed the EPA as a job killing machine.
Does across state air rule.
That is causing Havoc among coal fired utilities American Electric Power has announced they're closing five plants.
Duke Energy is closing pants southern company's clothes and pants all laying off people just -- -- illuminated.
A utility provider that.
Electricity provider in Texas and -- of laying off 500 people this means higher energy prices for all Americans and job killing and jobs going overseas where -- getting that electricity from because it 46% of our electricity this country generated from coal price for closing all these plants.
Which we are population is growing our demand for electricity is growing -- -- electricity gonna come from great question that's the question -- a lot of people in congress should be asking.
In fact -- for -- which is a federal energy commission that regulates.
They estimate almost 81 giggle watts of electricity is coming offline.
And so we know what happens -- supplied to -- cut down on supply.
Prices have -- -- -- -- -- jobs are gonna go overseas.
Present Obama's war on fossil fuels.
Is brutalizing our economy he's clueless when the kids energy alternative energy sources make up for that wind solar -- -- slightly.
That there's -- -- right now it's only 10%.
Is renewable energy we don't have the power grid.
-- wind blows at night you can't store electricity during the hot summer days Texas faces unique problems because they have an isolated power grid.
They're concerned that the closure is there are gonna force brown outs of lockouts in taxes you know that is the state that actually has jobs so Obama is really just -- -- the -- it's not -- All but now it there are a lot of congressmen and women senators who will be up for reelection in states that are very heavily dominated by the coal industry -- West Virginia.
I know some of the other midwest -- Ohio Virginia as well Pennsylvania.
How is that having an impact on the EPA.
Well it should have an impact on the EPA the house majority is trying to rein in EPA because they have to roll the congress should tell the EPA what to do.
To challenge is they're trying to cut their budget in terms of appropriations trying to block a lot of these rules.
The challenges in the senate.
You have Claire McCaskill we have mentioned in West Virginia.
You have -- brown an Ohio these are the -- these states depends on coal for it's time for them to step up.
And challenge Obama on this will they step up and if they don't step up and challenge the administration are they doomed in 2012 in terms of reelection in your mind.
Well listen that's up to the people of those state -- to decide.
But surely energy is going to be a huge issue in this coming election and Nissan -- to -- -- the -- people.
Not present Obama's radical ideology when it comes to energy the equity do was so unfair right how much of our money went to -- -- company it's now bankrupt.
His clean energy agenda driven by his crony capitalists advisors is driving our economy offer a -- -- -- -- as always thank you thanks for.
Filter by section