Obama: I’ll Cause Energy Prices to Skyrocket
In the same interview in which Sen. Barack Obama said that he would cause coal-burning power plants to go bankrupt, he also said that, as president, he would purposefully cause energy prices to “skyrocket.”
The two statements combined could make Obama’s position rather problematic in the last days of the campaign. For months, Obama campaigned as a reasonably moderate Democrat, preferring pragmatism over idealism. His voting record and increasingly more statements, past votes and actions and associations, however, indicate that the real Obama is the one who became the most liberal member of the U.S. Senate.
“The problem is not technical and the problem is not mastery of the legislative intricacies of Washington,” Obama told the San Fransisco Chronicle about energy. “The problem is, can you get people to say, ‘this is really important,’ and force their representatives to do the right thing? That requires mobilizing a citizenry. That requires them understanding what is at stake. And climate change is a great example,” he said.
“You know, when I was asked earlier about the issue of coal, you know — under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”
He went on to say: “You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”
Obama then went on to explain that this skyrocketing of the prices would hopefully result in people pursuing cleaner energy sources, which would then help combat climate change. “They — you — you can already see what the arguments will be during the general election. People will say, ‘Ah, Obama and Al Gore, these folks, they’re going to destroy the economy, this is going to cost us eight trillion dollars,’ or whatever their number is. If you can’t persuade the American people that yes, there is going to be some increase in electricity rates on the front end, but that over the long term, because of combinations of more efficient energy usage, changing lightbulbs and more efficient appliance, but also technology improving how we can produce clean energy, the economy would benefit,” he said.
As conservative blogger Ed Morrissey pointed out in a blogpost at Hot Air about the statements quoted above, “while no one doubts the need to start transitioning to better sources of energy, the manner in which that gets done means the difference of whether it gets done at all. A stagnant or receding economy does not produce scientific breakthroughs, especially when government both increases taxes and imposes steep cost burdens on energy. That cuts into both manufacturing and R&D, because as profits fall, fewer dollars go into research — which means that all of these wonderful developments would get delayed, or go unrealized altogether.”
If one wants to reform the American energy system, one has to do so prudently, and without destroying the economy. Obama agreed back in January of this year that his energy would plan would cause tremendous problems to the economy but, he hopes, these problems will be overcome years later. Perhaps, but also perhaps not. What can clearly be said is that Obama’s approach is once again distinctly immoderate and highly ideological. Pragmatists would look at the issue of global warming and energy, and would favor a plan that would bring change slowly and without destroying an entire economy. An idealist, on the other hand, would be willing to pursue plans that might not even work, one, and, two, that would do tremendous damage to the economy.
Developing alternative energy sources will take many years, decades even. Part of this energy will undoubtedly have to come from nuclear plantations – which is something Obama opposes, once again out of idealism.
Furthermore, the United States economy is already weak and extremely vulnerable. “Skyrocketing” energy prices would, as aforementioned Morrissey again worded perfectly, be a “disaster.”
Most amazing about today’s audios is not that Obama made the statements; many people such as myself have always said that Obama may be many things, but a moderate he is not. Pay special attention to Obama’s “whatever their number is”-remark. He does not even take the cost of his plan serious.
Instead, what is surprising is that American ‘old’ media have ignored them completely and even actively tried to bury them. This is more than worthy of coverage; energy is one of the most important issues in the coming years, the statements of candidates on it should be reported and shared with the public.
Listen to Obama himself:










Anthropogenic global warming/climate change is a lie. Beer’s Law, lab experiments and empirical data have proven that CO2 can’t significantly heat the atmosphere. It’s accepted that global avg. temps. rose only by ~0.7 degrees Celsius during the last century (Interestingly they fell by about the same amount in 2007 with the current global cooling trend). A slight atmospheric warming can’t be the reason for Arctic sea ice melting. Most sea ice is below the sea surface, so it must be warmer oceans melting the ice, and since the atmosphere can’t heat the oceans, the oceans must be warming naturally for reasons not understood. The main point is that CO2 can’t heat the atmosphere significantly, and ANY plan to regulate/tax CO2 is asinine whether it comes from Obama or McCain. We’ve been lied to about CO2. CO2 will never catastrophically heat the atmosphere unless carbon emissions increase exponentially. Do the research and you’ll see. It takes time and effort to discover the truth amidst the sea of propaganda that pervades the mass media. CO2 is an essential trace gas that makes life on Earth possible. It’s not a deadly pollutant. CO2 comprises one-third of one percent of all greenhouse gases on Earth, and human contributions are a fraction of the total. CO2 absorbs about eight percent of the energy radiated back from the Earth, since CO2 only absorbs radiation in limited bandwidths. Once CO2 reaches a certain concentration in the atmosphere, it’s impossible for further heating to occur, unless CO2 concentrations increase exponentially. Folks, wake up before Draconian CO2 regulation and taxation destroys what’s left of this fragile economy. Democrats and Republicans are lying to us about CO2. Oppose any legislation that aims to regulate and tax carbon emissions.
This is really a non-starter. For one, we’re seeing the usual smear tactic of taking these comments out of context to make them sound outrageous, then they were really part of a realistic discussion of energy policy. But more importantly, McCain also supports a cap and trade system.
The media never made anything of these comments because there’s nothing here. Everyone knows that prices will rise under a cap and trade system, and both candidates support such a system as a necessary method of controlling greenhouse gases. The right wing blogosphere can scream into the wind all they want, but there’s really no story here.
From http://www.barackobama.com/issues
Develop and Deploy Clean Coal Technology. Carbon capture and storage technologies hold
enormous potential to reduce our greenhouse gas emissions as we power our economy with
domestically produced and secure energy. As a U.S. Senator, Obama has worked tirelessly to
ensure that clean coal technology becomes commercialized. An Obama administration will
provide incentives to accelerate private sector investment in commercial scale zero‐carbon coal
facilities. In order to maximize the speed with which we advance this critical technology, Barack
Obama and Joe Biden will instruct DOE to enter into public private partnerships to develop 5
“first‐of‐a‐kind” commercial scale coal‐fired plants with carbon capture and sequestration.
• Safe and Secure Nuclear Energy. Nuclear power represents more than 70 percent of our noncarbon
Barack Obama and Joe Biden will instruct DOE to enter into public private partnerships to develop 5 “first‐of‐a‐kind” commercial scale coal‐fired plants with carbon capture and sequestration.
Because reality ALWAYS bends to feel-good orders from pols. I don’t know why they don’t just instruct that magic unicorn to fart some carbon-free rainbow fuel for everyone! After all, they have MAGIC WANDS!
Morrisey’s comments about technological breakthroughs are what people really need to understand. We must press ahead with coal, nuclear, and other power research initiatives. More than that, we must succeed at developing them. It’s a cultural imperative, owing the to unfortunate placement of the world’s oil reserves.
Obama’s plan to raise energy prices would be acceptable if it results in a moderate, stabilized price for energy that is sufficiently high that alternative energy development is encouraged without adversely impacting the economy. Question is, will that be Obama’s motivation? Or will he allow the progressive nihilists to destroy the energy industry?
This is ridiculous. JohnMcain.com has the EXACT SAME POLICY WRITTEN UP IN HIS ENERGY PLAN!
http://www.johnmccain.com//Informing/Issues/17671aa4-2fe8-4008-859f-0ef1468e96f4.htm
Coal is dying unless energy companies move to Clean Coal. The other option is Nuclear Energy. Both candidates will change the electric industry as we currently know it, as the costs for emissions will make it too expensive. You guys are a bunch of fear mongers who take everything he says out of context in order to incite fear & hate in this country. I will be so glad to see the Republicans out of office. This election is going to be the death of the neocon movement, possibly the Republican Party in whole if you guys can’t drive the fear-monger neocons out.
FROM JOHNMCAIN.COM
http://www.johnmccain.com//Informing/Issues/17671aa4-2fe8-4008-859f-0ef1468e96f4.htm
Protecting Our Environment And Addressing Climate Change: A Sound Energy Strategy Must Include A Solid Environmental Foundation
John McCain Proposes A Cap-And-Trade System That Would Set Limits On Greenhouse Gas Emissions While Encouraging The Development Of Low-Cost Compliance Options. A climate cap-and-trade mechanism would set a limit on greenhouse gas emissions and allow entities to buy and sell rights to emit, similar to the successful acid rain trading program of the early 1990s. The key feature of this mechanism is that it allows the market to decide and encourage the lowest-cost compliance options.
How Does A Cap-And-Trade System Work? A cap-and-trade system harnesses human ingenuity in the pursuit of alternatives to carbon-based fuels. Market participants are allotted total permits equal to the cap on greenhouse gas emissions. If they can invent, improve, or acquire a way to reduce their emissions, they can sell their extra permits for cash. The profit motive will coordinate the efforts of venture capitalists, corporate planners, entrepreneurs, and environmentalists on the common motive of reducing emissions.
Greenhouse Gas Emission Targets And Timetables:
2012: Return Emissions To 2005 Levels (18 Percent Above 1990 Levels)
2020: Return Emissions To 1990 Levels (15 Percent Below 2005 Levels)
2030: 22 Percent Below 1990 Levels (34 Percent Below 2005 Levels)
2050: 60 Percent Below 1990 Levels (66 Percent Below 2005 Levels)
The Cap-And-Trade System Would Allow For The Gradual Reduction Of Emissions. The cap-and-trade system would encompass electric power, transportation fuels, commercial business, and industrial business – sectors responsible for just under 90 percent of all emissions. Small businesses would be exempt. Initially, participants would be allowed to either make their own GHG reductions or purchase “offsets” – financial instruments representing a reduction, avoidance, or sequestration of greenhouse gas emissions practiced by other activities, such as agriculture – to cover 100 percent of their required reductions. Offsets would only be available through a program dedicated to ensure that all offset GHG emission reductions are real, measured and verifiable. The fraction of GHG emission reductions permitted via offsets would decline over time.
It’s a shame most are being fooled this year. These issues were to be addressed decades ago. But the Dems and Republicans pushed it aside.
Which is why Ross Perot or some other independent should have been elected to office years ago. As it is now, the morons in the congress and senate vote along party lines for the most part, regardless of the issue(s). With an independent at the helm, it would force the morons to vote the issue or show their true ( self centered ) colors.
Term limits on the morons should be the next logical step.
Weighing the 2 candidates this go-around….. Obama will certainly drive the U.S.A. into the biggest hole since 1929. IF he gets elected.
He has absolutely no clue what he’s doing.
A revolt is coming to the U.S.A. Pitchforks and torches.
krillbait — more like guns. Obama’s intent is to destroy our standard of living for retribution for the past, to make us weaker in the world for quality, so he can continue to spur on discontent until he can win over the poeple for his goal of eradication of our constitution and our government. All his friends and mentors have stood for this proposition, and Obama has never seen himself as an independent thinker.
TIF Oabam wins, and I sadly believe he will, everyone’s lifestyles will irreparably change. Many enjoy living meaningless drab lives, and they want others to as well. Obama will feed them with the hard work of many others who simply wanted something different, but will receive something that promotes epochal-sized destruction.
McCain, unfortunately. offers no antidote.