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Electricity Prices Hit New Record Under Obama
Posted By Daniel Greenfield On August 5, 2014 @ 11:02 am In The Point | 11 Comments
This is what pricey electricity looks like
“We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times,” Obama said.
And he followed through. Obviously Obama does keep the heat on a lot higher than 72 degrees and flies his dog around for a vacation. He and his family eat whatever they want and as much as of it as they want.
But while Michelle Obama is taking food out of the mouths of schoolkids, her husband has made it more expensive to heat your home, drive your car or just turn on the lights when you get home.
For the first time ever, the average price for a kilowatthour (KWH) of electricity in the United States has broken through the 14-cent mark, climbing to a record 14.3 cents in June, according to data released last week by the Bureau of Labor Statistics.
Before this June, the highest the average price for a KWH had ever gone was 13.7 cents, the level it hit in June, July, August and September of last year.
The 14.3-cents average price for a KWH recorded this June is about 4.4 percent higher than that previous record.
Are these inevitable price increases? Not really.
Electricity prices have not always risen in the United States. The BLS has published an annual electricity price index dating back to 1913. It shows that from that year through 1947, the price of electricity in the United States generally trended down, with the index dropping from 45.5 in 1913 to 26.6 in 1947.
Electricity prices should be falling with technological increases. And they would be, if like France, we had invested in nuclear technology, instead of putting money in the pockets of Eco-crooks by investing in expensive solar and wind power instead.
Canada, Russia and China all have cheaper electricity prices than we do. But the target goal of our Eco-overlords is to push US electricity prices up to those of energy conscious European countries.
The current trend is to make electricity more expensive through so-called Green Energy. And that means life will get worse for most Americans.
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