Over the last several weeks, the plug was pulled on two state-of-the-art coal projects in Texas that were projected to exceed $5.5 billion in private investment and create hundreds of jobs. The reason? The Obama administration's ongoing push for climate regulations that will effectively regulate coal, and thousands of coal jobs, out of existence.
The high cost of EPA regulations is forcing the retirement of a string of coal-fired power plants across the state of Georgia.
As the 112th Congress comes to a close, Americans are looking for solutions to provide certainty in the new year. While there are plenty of issues where a consensus has not yet emerged, there is at least one remaining question where a bipartisan agreement has already been reached – how to best regulate coal ash.
The federal Energy Information Administration (EIA) released its annual energy outlook yesterday, forecasting the nation’s energy supply and demand. EIA’s projections showed continued growth in U.S. energy production that exceeds growth in U.S. energy consumption through 2040.
The International Energy Agency (IEA) yesterday released its annual World Energy Outlook, outlining a dramatic shift in global energy markets driven by increased oil and gas production in the United States.
Energy policies and prices are moving in the wrong direction. For example, oil and gas production on federal lands are down, and the national average price of regular gasoline is currently $3.76 per gallon – that’s more than double what prices were when President Obama took office.