There’s that “necessarily skyrocket” chicken, coming home to roost. CNS News:
Even as gasoline prices plummeted and the overall energy price index calculated by the Bureau of Labor Statistics declined, electricity prices bucked the trend in the United States in 2014.
Data released today by the BLS indicates that the electricity price indexes hit all-time highs for the month of December and for the year. 2014 was the most-expensive year ever for electricity in the United States.
The annual price index for electricity, published by BLS today, was 208.020. That was up from 200.750 in 2013.
[…]
The seasonally adjusted electricity price index for the month of December was 210.151, according to the BLS. That sets an all-time record for the seasonally adjusted monthly electricity price index. The previous high was 209.341 in March of this year. In December 2013, the seasonally adjusted electricity price index was 203.740.
The average price for a kilowatt hour of electricity in the United States was 13.5 cents in December. That is the highest average price for KWH of electricity in the month of December since the BLS started recording the December monthly price for a KWH in 1978. In December 2013, the average price for a KWH was 13.1 cents.
It is, naturally, important to remember, as Obama pats himself on the back for falling oil and gas prices this evening — the single factor keeping our economy from complete stagnation, which is a result of the private sector push for US energy independence (see, for instance, the success of fracking in Colorado, my home state) and OPEC’s attempts to undermine that success by artificially keeping prices low to lower profitability margins on our energy production — that everything good about our economy is happening in spite of Obama, whose politicized and regressive EPA has gone after coal, leading to the record highs in electricity prices, and has announced it will now go after methane, the end result of which will be to try, along with OPEC, to cripple the booming private energy business in the US.
Or, to put in more bluntly, it is important to remember that Obama is a big fat Marxist liar and an opportunistic egoist.
Not that you didn’t already know that. Just thought I’d put a bit of an exclamation point on that before the State of the Union propaganda push this evening.
Don’t mention it.
We’ll be lucky if electricity merely “skyrockets” in price. A more likely scenario is that the term “rolling blackouts” will fall into common use before 2017.
Hmm. Gas is cheap, electricity expensive. Those eeeeevil Koch Brothers are obviously trying to put Tesla out of business!
Drivin’ that train
High cost on Koch’s flame…
chicken was on sale this week at Jewel
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