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Obama’s Energy Plan to Plug California Leakage (to Texas)

By Wayne Lusvardi and Charles Warren -- June 24, 2014

“A government is the only known vessel that leaks from the top,” newspaper journalist James Reston once wrote.

There could be no more apropos example of this than Barack Obama’s new proposed rules to mothball “dirty” coal power plants; to reduce CO2 power plant emissions 30 percent from their 2005 level by 2030; and to set voluntary targets for the percentage of renewable energy in each state by 2029.

Obama’s new push is an attempt to address leakage, at least within the United States. The term is not meant to describe the leakage in a high-voltage electric transmission line that can cause fires, damage, or electrocution. Rather, it is meant to describe the migrating of jobs, industries, population, and votes to other states due to planned higher electricity rates mainly in California and other Blue states as a result of forcing a shift to inferior renewable energies.