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Cap-and-Trade and the Cheap Energy Illusion

With regard to the cost of cap and trade, Obama is on record (during his campaign) as saying that electricity costs with cap and trade would "skyrocket".

Take a look at European electricity prices to get a small glimpse of where we are headed. The information available on the internet indicates a range of 19 cents/kwh to the high 40's per kwh. The 19 cent # happens to be France which gets 80% of its power from nuclear energy. By comparison, most of the US currently has less than 10 cents per kwh in regulated markets.

The US currently gets 50% of electric production from coal, 20% from nuclear, 20% from nat gas combined cycle and 10% from "renewables". Of the 10% renewables ~7% comes from hydro and ~2% from wood waste combustion.

Obama has said that coal plant operators would "go bankrupt" under his policies. He and his left wing environmental supporters are also opposed to nuclear. He is silent on natural gas (of which we have plenty). The left wing environmental lobby would never allow another hydro plant to be built. Hmm, looks like his statement that electricity prices would "sky rocket" under his policies actually makes a lot of sense.