The Environmental Protection Agency is putting the final touches on a rule requiring a 30% reduction of CO2 emissions from fossil fuel-burning power plants by 2030. An independent analysis by The Heritage Foundation predicts "[a]n average employment shortfall of nearly 300,000 jobs," adding the U.S. may lose half a million jobs in the manufacturing sector and 45% of the jobs in the coal mining industry. As for the EPA, it says collateral damage could cost up to 80,000 jobs. But a new American Action Forum report, whose findings mirror that of Heritage, says the EPA isn't taking secondary impacts into consideration. All told, nearly 100 power plants may be taken offline, which will have major economic ramifications. "Based on American Action Forum (AAF) research ... more than 90 coal-fired power plants could be retired across the country," write Catrina Rorke and Sam Batkins. "Secondary employment impacts suggest that EPA's power plant regulation could eliminate 296,000 jobs, about the population of Cincinnati, Ohio, and more than the total number of jobs the economy created in February 2015." The writers conclude, "EPA might tout the benefits of its proposal, but the significant job losses are just as noteworthy." Indeed. Unfortunately, all that's important in the minds of this administration is, as EPA administrator Gina McCarthy explained, "We have a moral obligation to act." A very contorted moral obligation.
4,750 square miles of Great Lakes freezes overnight...
Lake Ontario ice nears record...
Coldest Temps Since Late-1800s in East...
'Life-threatening' Chill Hits South...
I blame global warming.
Green Activists Growing Security Threat To Canada, Police Warns
By Guest Column --Global Warming-Energy-Environment
The Royal Canadian Mounted Police (RCMP) has labelled the “anti-petroleum” movement as a growing and violent threat to Canada’s security, raising fears among environmentalists that they face increased surveillance, and possibly worse, under the Harper government’s new terrorism legislation.—Shawn McCarthy, The Globe and Mail, 17 February 2015
Yale anti-fossil fuel campaigners have indefinitely postponed a protest that was set for this weekend due to “unfavorable weather conditions and other logistical issues.”
Fossil Free Yale, a group pushing the university to divest itself from fossil fuels, told the Yale Daily News that frigid, snowy weather set for this weekend will mean their global warming protest will have to be postponed.
FFY’s Mitch Barrow said that “unfavorable weather conditions and other logistical issues, including some cancellations from speakers and performance groups” would mean they would not be able to rally on Global Divestment Day — a day where environmental groups urge institutions like Yale to divest from fossil fuels, like coal, natural gas and oil.
As this reporter writes this article, the weather in New Haven, Connecticut where Yale is located stands at -9 degrees Fahrenheit with wind chill. Saturday is expected to have weather in the low 30s with snow and Sunday will be 20 degrees with snow and rain, according to the Weather Channel.
The Yale Daily reports that FFY “had organized a series of events to rally support for its cause, including performances from student groups, guest speakers and a collaborative art installation” to protest Yale’s decision not to divest from fossil fuels six months ago. FFY remains adamant that the event is more than just about activities, it’s about “a shift in the way in which FFY will both be articulating its goals and engaging with the administration.”
This is scary:
As part of Barack Obama's new National Security Strategy, the administration identified a bogus threat: "Climate change is an urgent and growing threat to our national security, contributing to increased natural disasters, refugee flows, and conflicts over basic resources like food and water." Asked about the rationale behind putting such emphasis on global warming while downplaying Islamic terrorism, White House Press Secretary Josh Earnest said, "The point that the president is making is that there are many more people on an annual basis who have to confront the direct impact on their lives of climate change ... than on terrorism." Pressed to explain further, Earnest doubled down, saying, "When you talk about the direct daily impact, on the daily lives of Americans, particularly Americans living in this country ... more people are directly affected by [climate change] than by terrorism." Obama's priorities are mixed up by design. Expand the government here, diminish U.S. standing abroad. Mission accomplished.
The recent surge in oil prices is just a "head fake" and West Texas crude as cheap as $20/bbl may soon be on the way, warned Citigroup (NYSE:C), lowering its crude oil forecast again. Despite declines in spending that have helped oil prices rebound in recent weeks, U.S. oil production is still rising, Brazil and Russia are pumping oil at record levels, and Saudi Arabia, Iraq and Iran have been fighting to maintain their market share by cutting prices to Asia, said Edward Morse, Citi's global head of commodity research.
Thank goodness Obama's plan to raise oil prices has failed so spectacularly, although in a recent speech he had the gall to take credit for low gasoline prices!