Energy Independence Obama?
January 26, 2012
FirstEnergy Corp. will close 6 coal power plants. They cite new government regulation as the reason. President Obama promised to destroy the coal industry. This looks like one campaign promis he is keeping.
The total capacity of the competitive plants that will be retired is 2,689 MW. Recently, these plants served mostly as peaking or intermediate facilities, generating, on average, about 10 percent of the electricity produced by the company over the past three years.
The following plants will be retired: Bay Shore Plant, Units 2-4, Oregon, Ohio; Eastlake Plant, Eastlake, Ohio; Ashtabula Plant, Ashtabula, Ohio; Lake Shore Plant, Cleveland, Ohio; Armstrong Power Station, Adrian, Pa.; and R. Paul Smith Power Station, Williamsport, Md.
In total, 529 employees will be directly affected. Existing severance benefits will apply to eligible, affected employees. However, the final number of affected employees could be less as some are considered for open positions at other FirstEnergy facilities and work locations, and eligible employees take advantage of a retirement benefit being offered to those 55 years and older.
President Obama ‘s original plan was to bankrupt the coal industry by charging power plants for CO2 emissions under a Cap-and-Trade bill. That bill failed to get past the Senate. Plan B is to regulate them out of business by ratcheting up other regulations that don’t require new laws.
Hypocrisy Alert: Obama Says he is Protecting Our Children From Mercury Poisoning, yet Mandates it for Our Homes?
Failed “Green Projects”: Solyndra, Lightsource, Tennessee Truck Charging Station, Tonopah tied to Nancy Pelosi, US Navy paying $15 per galloon for jet fuel (Obama Crony involved),then today we hear about the parent company of electric car batteries, supplied with Obama cash has filed for bankruptcy.
No Keystone Pipeline with TransCanada to ship oil from Canada to US.
Obama Vetos Keystone Pipeline; What Does He Have Against Jobs and Freedom to Have our Own Oil Production? Crony Capitalism, Donor Repayment, and Political Idealism……
U.S. Backs $1B Loan to Mexico for Oil Drilling Despite Obama Moratorium. Another Foreign Oil Company? What About American Oil Rig Workers?
NOW THE HEADLINES TODAY FROM THE BBC:
Cuba oil project drilling to start
January 27, 2012
By Sarah Rainsford
Cuba will begin exploratory drilling in search of oil this weekend, when drilling will start on a rig just 100 kilometers (62 miles) from Florida.
The operation is raising concerns over what happens under the terms of the US embargo, in the event of an incident at sea.
The embargo states that neither American firms nor the coast guard could come to Cuba’s assistance or provide equipment to help contain or clean up any oil spills.