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William might monetary air conditioner off now sorry about because when you see our electricity bill you're gonna want to take your chances with the heat.
But -- prices are soaring in some regions the highest on record and now the white -- is pushing new emission standards.
That will likely send those bills soaring even more to Wilbur Ross on the push to regulate.
And he says well just in theory it.
We'll -- -- going on here because some.
This is not the time with temperatures -- they've been with utilities tax to the degree they've been.
To be thrown more.
Regulations -- As -- -- I don't think it is at all.
And I don't think it's the right time and there really is a good time to to -- economic burdens of families and -- with.
-- -- is they're not grandfathered a lot of these changes in the EPA was pushing these changes only days after the president's speech to happen immediately for everyone.
-- well I don't know how they think electricity is gonna keep being generated.
Because 37% of would comes from coal.
And most of the rest mentally to -- them to.
They hit home for those who hate cold but do they want the lights in the refrigerators to go off to the one.
The people not to have electricity solicited -- when they're solar.
They even take about a natural gas.
Well the natural gas is the obvious.
Near term solution to it.
And if and when they can never make wind and solar -- economical -- it's not only exists would pigs subsidy and being.
Keep it from being intermittent which it's not.
Doesn't -- you know all the time everywhere.
That you don't have sun all the time -- -- the re not here today you know for a dual member house realize it's only go on -- sunny day I'm like a lot of students at.
What it felt -- this this notion that.
The administration might be compounded the problem but pushing all these green cars that you plug in.
So utilities that are already taxed at a Macs are going to be taxed more and you don't about rolling brownouts and blackouts that's what's gonna happen.
Oh sure we'll -- electric cars obviously have to be recharged.
I think sometimes the agreement as far as powered by -- -- -- -- -- Also the creation of an electric car creates a lot of ceiling to lithium batteries are not exactly the world.
The easiest activity.
So when you look at in your big coal investors well -- do you see.
That this is not a good environment for coal and that there -- be.
You just gotta throw in the towel roses they're going another way they're they're really cracking down on fracking and all that sort of stuff that the stuff we have right underneath our feet.
Right there they're really they're trampling.
But the strange thing about coal is that the same -- that is not being used in American utilities is now being shipped to Europe.
Then use there because in Europe strangely enough.
Natural gas prices of 34 times what they are here.
So -- literally cheaper for the European utilities.
To pay that import American coal rather than to use natural gas.
Won't that be -- big hit the big coal producers here find it cheaper to ship the stuff abroad -- -- it's great potential here.
That that's what sort of driven away by our own government.
They'll but the with a word to sport to be one thing that they said you have to phase it down and phase in not true -- -- -- know they have not provided any solution than just saying.
Well fix these utilities.
Food and spend money would ever do -- And so they're making choices for the consumer this thing to the consumer.
Whether you like it or not you're gonna pay more.
For electricity big -- here ideological.
On the entire file solution.
-- -- -- happen -- gonna pay more for.
Wilbur Ross thank you could see him a disorder and you know happy fourth of July.
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