Obama has some “Hope & Change” in store for the people of Virginia and Pennsylvania and 25 other states that mine coal here in the United States. He told his elitist friends in San Fransisco that he intends on bankrupting the American Coal industry. Remember, these are the same people he was speaking to when he referred to the People of Pennsylvania as “Bitter people who cling to their guns and religion”.
“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.”
Some FACTS about Coal as a source of energy here in the US:
Although 90 percent of the country’s coal reserves are concentrated in 10 states, coal in mined in 27 states and can be found in even more. Montana has the most coal, 25 percent of demonstrated reserves. Wyoming, third among states with the most coal, is first in coal output, accounting for 18 percent of annual production.
U.S. coal reserves contain 12 times as much energy as all the oil in Saudi Arabia! A brief look at some numbers explains why coal is the country’s most abundant and important energy resource.
According to the United States Geological Survey, we have 1.7 trillion tons of identified coal resources — coal for which geological evidence and engineering studies provide reliable information about location, rank, quality, and quantity. (Geologists recognize that more coal deposits are likely to be discovered in the future, so they estimate total coal resources could amount to 4 trillion tons.)
Much of the coal we know about cannot be mined today, because it would be too costly or existing technology doesn’t allow it. It may be too deep, for example, or the quality may not meet current needs. So to be realistic, experts estimate that 472 billion tons of that coal are potentially recoverable. This is called the demonstrated reserve base.
Once again Obama shows as much concern for American Citizens, Industry and Energy Independence as he does for his family. How many more ways is there to say “We’re so fucked” if this guy get elected?
We need to remember also what Joe “Gaffalot” Biden said about coal plants here in the US:
“No new coal plants here in America”
Don’t believe me, just listen for yourself. Words straight from the mouth of an ass: