By Jeff Jacoby
“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket . . . because I’m capping greenhouse gases, coal power plants, natural gas, you name it . . . Whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money, and they will pass that [cost] on to consumers.’’
In the same interview, Obama suggested that his energy policy would require the ruin of the coal industry.