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The Grand Prize in Obama’s War on Coal™

June 30, 2013

Watts Up With That?

Guest Post by Willis Eschenbach

It’s a bad week for poor people around the planet. First, and with great fanfare, our President unleashed his patented climate plan, affectionately known as Obama’s War on Coal™. He hasn’t said yet how much Obama’s War on Coal™ will cost, but we can be sure that it will not be cheap. And as in any war, it is guaranteed that the poor will suffer the most.

Sadly, this was followed by even worse news. The World Bank has decided it wants to keep the developing world from having inexpensive electricity. They will not make any more loans for coal-fired power plants.

anthracite coalYou remember “inexpensive electricity”? When I was a kid, the US Government used to be in favor of inexpensive electricity, because it was rightly seen as the savior of the poor farmer and the poor housewife. That’s why the Tennessee Valley Authority came…

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