Good luck getting them Chevy Volts and Nissan Leafs charged up without a dependable electrical grid. This is one more reason Virginia needs to remove the current occupier of the White House and get this reversed. Coal is an essential part of Virginia's economy. This will result in more jobs lost; more people on government dole. Less and more expensive electricity. Another hand in our pocket taking money they don't deserve for no other reason than they think they can.
Mr Cantor, you need to be making arrangements to get this reversed and protect Virginia jobs.
The coal industry and coal-fired power has been dealt a series of body blows by the Obama administration over the last four years. Yesterday, the EPA delivered the coup de grace to coal, in the form of a new rule that – unless overturned by Congress or a future administration – will ensure that no new, modern coal-fired power plants will be built in the United States.
The EPA released Subpart TTTT of New Source Performance Standards yesterday, a proposed rule that limits carbon dioxide emissions from new power plants. No coal-fired power plant can meet the emission limit (1,000 pounds of carbon dioxide per megawatt of power produced), but natural gas-fired power plants can. This will lead to some significant changes in the power energy once the rule goes final, sometime next year.
It is now estimated that around 50,000 to 80,000 megawatts of coal fired power will be retired from the grid over the next few years. Coal fired power is base load power (that is, power that has to be available all of the time) and neither solar nor wind can provide base load power anywhere but in the President’s green fantasies. Biomass (wood, energy crops, etc.) can provide base load power, but there’s not nearly enough of the fuel to replace so much coal. More nuclear power could easily shoulder the load, but there’s no way that we can permit and build enough nuclear plants in the time available. That leaves natural gas as the only fuel that can possibly be used to replace all of that coal.
It’s a shame that we’re knowingly abandoning such a cheap, reliable and plentiful resource like coal in a foolish effort to fulfill a ridiculous crusade led by eco-puritans. It’s maddening that such a decision was made not by Congress, nor by the voters, but by a few faceless bureaucrats hiding behind global-warming pseudo-science that has become the twenty-first century’s version of alchemy. But that’s where we are and, unless something changes this November, that’s where we’re likely to be for quite a while.