Very Green, But Not So Jolly

Several recent stories indicate anew just how green the Obama administration is, and how much harm it is prepared to inflict on the country to further its environmentalist agenda. First is the report that the administration is yet again reversing course on offshore drilling. The absurdity of this policy is underscored by the fact that gasoline nationwide is edging back toward $3 a gallon, and by the news that unemployment just went up to 9.8% nationwide, marking the longest period of over 9% unemployment since the Great Depression. The second story is a study in contrast. It’s a report that China plans to spend over $500 billion to build 245 new nuclear power plants. This would mean adding nearly two and a half times as many as the U.S. has in total. As Zhao Chengkun, vice-president of the China Nuclear Energy Association, put it, “Developing clean, low-carbon energy is an international priority. Nuclear is recognized as the only energy source that can be used on a mass scale to achieve this.” While our administration dithers about constructing just one new reactor, the Chinese barrel ahead. A third story concerns the ever-frisky EPA. It has just announced a dramatic increase in regulations on energy industries aimed at reducing greenhouse gases. Among the new EPA diktats is the requirement that the maximum allowable ground-level ozone level be dropped by up to 20%. Hundreds of American municipalities are struggling to comply with the existing maximum level, so tightening the standards still further will just bury those places financially. The Manufacturers Alliance/MAPI estimates that this new EPA regulation will cost America on the order of 7.3 million jobs and about a trillion dollars in regulatory costs within a decade...more