SPRINGFIELD, IL - Coal is what the GOP is offering President Obama from Santa, and the offer is not because the president's been bad this year, it's because coal is an abundant natural resource in America that the Obama Administration has soundly rejected. Coal power plants are being shutdown nationwide and energy costs have soared while the president has used his resources to suffocate the coal industry.
The Institute for Energy Research says more than 72 gigawats (GW) of electricla generating capactiy have already, or are now set to retire because of the Environmental Protection Agency's (EPA) regulations over the past several years. 72 GW is enough electrical generation capacity to reliably power 44.7 million homes - or every home in every state west of the Mississippi River, including Texas.
With those closures, electricity costs will skyrocket as the sources of power become more scarce.