As President Obama pushes his “war on coal” and other supposedly “green” energy policies, energy prices hit their highest level ever recorded by the BLS:
(CNSNews.com) – The price of electricity in the United States for May was 13.1 cents per kilowatt hour (KWH), which is the highest it has been on record for that month, according to data from the Bureau of Labor Statistics (BLS), which tracks the price going all the way back to 1984.
Thirteen cents per KWH is the highest price for the month of May in 29 years, according to the BLS numbers.
That’s significant for a couple of reasons.
First, the economy still isn’t doing so hot. The last thing Americans need is bloat in their utility bills.
Second, why should energy prices be getting more expensive? America still has plenty of coal, and thanks to fracking we’ve uncovered entire oceans of new natural gas reserves. We’re talking centuries worth of natural gas supplies.
The price of energy should be going down, but it isn’t. Why? No doubt because government efforts to mandate the use of expensive, unreliable green energy.
“Going green cost rural electric ratepayers in Minnesota more than $70 million last year, according to the Minnesota Rural Electric Association (MREA),” reported Tom Steward last year.
“It’s an enormous subsidy. You have to add wind power, whether you need it or not,” Mark Glaess, MREA executive director, told Steward. “Right now we’re paying for wind we don’t need, we can’t use and can’t sell.”
We should be in the midst of an energy revolution, with Americans paying less for power not more. But we’re not, thanks to the government’s efforts to manipulate the energy markets.