SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
locogringo
To: locogringo who wrote (830399)1/16/2015 7:00:31 PM
From: FJB1 Recommendation   of 1577029
 
Price of Electricity Hits Record High – Just as Obama Promised
Posted by Jim Hoft on Friday, January 16, 2015, 3:34 PM
A rare campaign promise kept..
In January 2008 Barack Obama told the San Francisco Chronicle:

“Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.”

He promised that his plan would cause electricity rates to skyrocket.



Mission accomplished.

In 2014 the price of electricity hit a record high.
CNS News reported:

Even as gasoline prices plummeted and the overall energy price index calculated by the Bureau of Labor Statistics declined, electricity prices bucked the trend in the United States in 2014.

Data released today by the BLS indicates that the electricity price indexes hit all-time highs for the month of December and for the year. 2014 was the most-expensive year ever for electricity in the United States.

The annual price index for electricity, published by BLS today, was 208.020. That was up from 200.750 in 2013.


Electricity rates have skyrocketed under Barack Obama – just as he promised.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext