Coal has powered America for decades, but is it time to move on? Nicolas Loris at the Heritage Foundation’s Institute for Economic Policy Studies says “no,” and here explains why: “There is enough coal in America to provide cheap, reliable electricity for 500 years at current consumption rates. Yet the Obama Administration is doing all it can to reduce coal’s role by proposing and implementing regulations that will drive up energy costs for American consumers and businesses. Higher operating costs for businesses will be reflected in higher product prices, meaning consumers will take hit after hit. But there will be little to no environmental benefit, since coal power plant emissions are already very clean.”
October 24, 2012 by CFACT,
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