Hold Your Hats Here's comes the Spike in Energy Prices
Once again, King Barry doesn't like what he feels Congress didn't do. So he plans to use his executive powers - read that to me royal fiat - to go around them by bankrupting the coal industry as he promised.
Obama says he will bankrupt the Coal Industry - YouTube
So now, according to Bloomberg @
Obama Proposes Deep Cuts to Power-Plant Emissions - Bloomberg, Obama's rules will replace the Cap and Tax Legislation Congress refused to act upon.
But, this will have consequences far beyond the coal industry. By reducing coal as a source of electricity and heating, it will radically increase the demands for fossil fuels that will directly affect your energy bills and what you pay at the pump.
When does this tyrant stop?