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Full story at the Institute for Energy Research
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Relative to the baseline forecasts, gasoline prices increase 20 to 26 percent, residential electricity prices increase 31 to 50 percent, residential natural gas prices increase 56 to 74 percent, and coal prices to electric utilities increase a whopping 565 to 755 percent in 2030. It is clear that President Obama wasn’t kidding during the primaries, when he said his plan would bankrupt coal-fired power plants.
Thursday, August 27, 2009
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