Summary of today’s House climate hearing: GOP firmly opposed to an abusive and arrogant EPA
House Climate Hearings are going on right now. The rising stock price of Peabody is telling us that Republican defenders of coal are scoring some hits.
From JUNK SCIENCE blog (which is maintaining a live twitter feed of hearing)
"Here’s our take on today’s House climate hearing:
1. Overall, good showing for GOP… skepticism and opposition to EPA is strong. As usual, some Members need some coaching. But a solid overall performance with no major gaffes.
2. EPA chief Gina McCarthy was repeatedly forced to admit that EPA no climate benefits will be coming from its power plant rules. Moreover, the point of the rules, according to McCarthy, is too look good for international negotiations.
3. Ernest Moniz is a total sock puppet, trying very hard to spout and reiterate the party line. If this guy ever has any internal dialogue involving intellectual honesty, he will physically implode.
4. Rep. David McKinley the strong point that Obama wrecking the economy for no gain was an “abuse of power.”
5. EPA defended requiring coal power plants to use carbon capture technology that does yet exist."
My Comment: Sea levels may not be rising, but anger levels are. Republicans and CoalBlue Democrats are finding out that the EPA is vague about results and methods when it comes to explaining their war on coal.
Clean Energy is Cheaper When All Factors are Considered
It’s less costly to get electricity from wind turbines and solar panels than coal-fired power plants when climate change costs and other health impacts are factored considered, according to a new study published in Springer’s Journal of Environmental Studies and Sciences.
Question is whether they can stop the EPA regulations on new coal plants from going into effect. Don't believe they can with a Democratic Senate. In any event only two are being currently built and no others are realistically in the pipeline this deade. Obama and EPA have done a wonderful job killing investment and jobs in the sector. Bought some before the Australia elections and kicked myself for not taking profits last Tuesday. Bernanke gave me another chance today and I took it. I just think Friday's EPA issuance will be a downer.