Beginning January 1, 2011, energy prices will skyrocket in California, due to the required use of renewable energy sources as established in AB32. This will add tremendous stress to an already struggling economy. With more money being spent to pay for basic necessities, less money is available to spend on discretionary items. This will hurt small businesses that will also be paying higher energy bills. Prices will have to be increased to cover the higher overhead costs. The loss of money in the economy combined with the rising cost of operating a business will result in many businesses having to close their doors. There is no better prescription for job killing legislation than this.

Alternative sources of energy are dramatically more expensive than conventional coal power. An article in The Morning Bell from The Heritage Foundation on October 21, 2010 reveals the prices of energy that President Barack Obama’s very own Energy Information Administration (EIA) projects for various sources of electricity per megawatt hour in 2016 (based on 2008 dollars) as follows:

• Conventional Coal Power $ 78.10
• Onshore Wind Power $149.30
• Offshore Wind Power $191.10
• Thermal Solar Power $256.60
• Photo-voltaic Solar Power $396.10

by Laura Rambeau Lee
Florida

Source: http://moveoverdotcom.blogspot.com/2010/11/is-california-dreaming.html