Let us look at a recent example of Obama’s shenanigans which amounts to yet another pay-off to his political financiers and a purely symbolic gesture to satisfy environmentalists. In June, through an Executive Order, President Obama decreed that coal-fired electric power plants must reduce carbon emissions by 30% by the year 2020, using 2005 numbers as the baseline. This edict has environmentalists dancing in the streets celebrating the fact that Obama is going hard knuckles on that nasty, filthy coal—something that none of his predecessors had to courage to do. Obama even pushed the envelope a bit more by declaring that anyone interested in building a coal-fired electric plant would likely find themselves filing bankruptcy under his policy. Here is Obama wearing the mask of an environmentalist, demonstrating his concern and willingness to stem carbon emissions spewing into the global atmosphere and thereby saving America and the world from suffocation. Yeah—sure, that is certainly the way it comes across at first glance, but let us look a bit closer.
Back in March 2011, Interior Secretary Ken Salazar traveled to Cheyenne, Wyoming, one of the USA’s larger coal-mining regions. He was there to announce that the federal government would soon offer leases on 752 million tons of coal resources on public lands in the Powder River Basin. He also indicated that soon an additional 1.6 billion tons would be available under the same terms. At the time, Salazar referred to coal as “a critical component of America’s comprehensive energy portfolio, as well as Wyoming’s economy.” He went on to state that “it’s important that we continue to encourage safe production of this important resource.” That is not a comment one might expect from an Interior Secretary appointed under the Obama Administration, especially in light of Obama’s recent Executive Order. But don’t give up, this will all begin to make sense shortly.
So here we are in 2014. Obama’s Environmental Protection Agency is essentially waging war on the coal industry, and it is a war that is sure to run the small producer completely out of the business. With the addition of Obama’s Executive Order, which will potentially shut-down the majority of the U.S. coal-powered electric plants, one might assume that the profit-potential for coal futures is down the tubes in the USA. Ironically, that is exactly the intent of both Salazar and Obama, who are actually working in tandem on this issue.
Barack Obama’s billionaire political financier, George Soros, seems to think coal is a good investment; to wit, he has recently bought heavily in the Arch Coal Company, and he has done so while publicly proclaiming that the use of coal should be eliminated because of environmental concerns. Now, who in their right mind, with a bunch of financial power behind them, would buy up interest in big coal while campaigning to do away with the product as an energy source? Sounds a bit crazy, huh? Well, don’t kid yourself—once you see how the puzzle fits together, the motivation behind his actions on both fronts will bring you full-circle in understanding.
Let us backtrack for a moment. If President Obama is so convinced that the carbon emissions from the burning of coal are so detrimental to our health and the environment, why wouldn’t he simply ban the mining and extraction of coal throughout the USA? That would certainly take care of the problem by eliminating both the source of the coal and depleting the resources used by the existing U.S. electric plants to run their operations. That seems to be the obvious solution—coal veins would remain undisturbed and eventually there would be no more coal to burn.
The reasons Obama did not pursue a mining ban quickly become evident: it would deprive profit-seekers like his deep-pocketed friend Soros from taking advantage of the value of coal to the rest of the world. Thus, the real intent of Obama's executive action was to deprive the “polluters,” i.e., the coal-burning electric plants of coal, but leave it readily available for mining by big coal entities like Arch Coal Company. Secretary Salazar’s actions in Wyoming made the resource all the more available. So what are they going to do with it? There is a one word answer to that--EXPORT!
Asian nations, particularly China, are big-time users of coal for the production of electricity, electricity that is central to the production of cheap goods made available worldwide, thus building their financial empires. China has some of the largest coal resources on Earth but, at the present consumption rate, it is estimated that those resources will be exhausted within 50 years. Add to that the fact that China’s mining industry is fraught with safety problems which continuously hinder production levels. Thus, China, along with other nations of Asia, welcomes an outside source for coal and they are willing to pay for it to keep the wheels of growth and financial expansion turning. Suddenly, we have a tremendous potential windfall available to those able to invest in U.S. coal and the necessary facilities to export it abroad—enter George Soros. But, even the wealthy Mr. Soros needed some political muscle to create the perfect environment within the coal industry and give him control of enough of the its resources to make it worthwhile—enter Secretary Ken Salazar and President Barack Obama.
Now, for all you warm-and-fuzzy-feeling-environmentalists out there who believe that this president has done something which is environmentally good for this nation, step back awhile and watch. What you see just might incline you to utter the word hypocrite every time you see this president’s photo. With Obama’s actions, the U.S. coal industry will take a massive hit. Thousands of jobs will be lost, electricity rates will jump significantly, and we will face the possibility that our electric grid is insufficient to meet demand as existing coal-fired plants are replaced or retrofitted to meet EPA standards—another massive expense. Who suffers here? The American consumer who will get hit with the costs in their electric bills while the world still has the same amount of coal burned into the atmosphere. How much carbon will be eliminated? None, absolutely none. Who wins? George Soros and those like him who will profit massively with the help of the Obama Administration.
Next time you see President Obama wave his pen around and tell you that he is doing something good for America, you better think twice and look real close. What is taking place here is hypocrisy, cronyism, and a mockery of our nation.
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