Obama Admits: ‘Energy Is Going to Be a Little More Expensive’
During a Friday Google+ hangout session, President Barack Obama conceded that his policies to address climate change will raise energy costs, a fact that could prove uncomfortable for Democrats in areas reliant on fossil fuel power plants:
I have to tell you that there are some Democrats, for example, who represent states or districts that are heavily reliant on old power plants and are more heavily manufacturing based. And the truth is that if you produce power using old power plants, you’re going to be emitting more carbon, but, to upgrade those plants means energy is going to be a little more expensive, at least on the front end.
This is not the first time Obama has admitted to supporting price-raising energy policies. In 2008, then-candidate Obama said he was fine with soaring energy prices so long as they helped curb green house gas emissions. “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket,” he said.
Read more: http://cowboybyte.com/19118/obama-admits-energy-is-going-to-be-a-little-more-expensive/#ixzz2LSEOqlU7
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