Obama himself said prices on energy will "necessarily skyrocket under my plan."
From August 2011:
Frank Beckmann had an interview on WJR this morning regarding energy costs in the state of Michigan, which are due to increase by 25% because of the new EPA regulations which will require closure of 7 small plants that generate energy for the state. This will probably cause Ohio to close 25% of its energy sources and lead to rolling blackouts, as the state searches for energy sources.Ohio may lose 17 plants. New EPA regulations have made it impossible for many plants to remain open.
Indeed, prices for energy are going to skyrocket by 2015. Fox News:
The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.There will be many repercussions, more jobs lost, higher taxes and God only knows what else if Barack Hussein Obama is reelected. His lust for power and control is unbridled.
Though he blames Bush and Republicans for all his financial woes, his party was in charge of Congress from 2007, and complete control of Congress from 2008- 2010. We have seen what that yields: nightmarish control of every aspect of our lives, including health energy, business, banks and loans, and everything you can imagine concerning food and "fitness."
We have had no budget for 3 years: naturally, there's been no budget because these politicians do not want to face that their spending, both Democrat and Republican, has been out of control.