Tuesday, April 23, 2013

Overcharge: 29 States Mandate High-Cost “Green” Power Generation

The Tea Party Economist reports:
Of the 50 states in the United States, 29 of them have state laws mandating renewable energy programs for local power generation plants. The trouble is, these alternative fuels are expensive. Natural gas costs have fallen by 70% since 2005. Fracking has made the difference. New supplies have lowered natural gas prices.
There's more:
This means that the 29 states are prohibited from buying low-cost, clean-burning natural gas. This raises the cost of electricity.
The war on working people.