Obama’s war on coal hits your electric bill

Best I could find [wtaq.com]:

Hah, that was the best I had found as well. The auctions are fairly new and after all the reading I did on them yesterday I'm still not sure I have a great understanding of them, but auction prices have fluctuated wildly with little impact on my end.

Dear Op was your electric bill in 2010 10x higher than it is now?

Capacity price has very little impact on wholesale price. Capacity was sold at
$174 during the auction for 2010 yet your power bill wasn't 10x more expensive in 2010 was it?

Best I could find [wtaq.com]:

"war on coal", huh?

Arguments like these, while they may rile up voters in coal-producing states such as Ohio and Virginia, miss a major point: During Obama’s tenure the energy sources for electricity have undergone a dramatic shift. Natural gas, fueled by a hydraulic fracking boom, last year became cheaper than coal, an industry that has suffered as coal-fired plants have shuttered and communities turn to natural gas to heat and cool their homes. (You can check out coal vs. natural gas on our cool chart here).

For example.. gas went down recently.. not because of some magic program.. but because of global economic situations and the value of the dollar bill.

Actually it probably was due to the "magic program" algorithms that the speculators use, which factor in the global economic situation.

I'll let on the secret to the algorithm.. just don't tell anyone..



If the Euro lost value because of potential future chaos.. would not in turn the dollar gain value? Thus making oil.. cheaper!!!

this image was from 3 years ago.. yet still holds true today..



now the inverse is happening.. Dollar rises against Euro: U.S. price of oil falls.

but I assume some of you live on west coast which has their own distribution problems.. but gas is seasonally cheap as hell right now on the east coast.

It's sad and shameful when people who claim to love capitalism and hate "socialism" display a profound ignorance of how business actually works in a free market economy. Let's assume that the cost of a commodity input increases by 800%. Does that mean that the price of the product that that commodity helps to create will increase by 800%?

Of course not.

The commodity is only one part of a number of other input costs that go into creating any given product. Take gasoline. To create finished gasoline, you don't just need to figure the cost of the crude oil. You need the cost of the oil + the cost of the labor to run the refinery + the cost of chemical additives required to create gasoline + the energy cost required to heat the oil to "crack" it + the cost of maintenance at the refinery + SG&A (selling, general, and administrative) + taxes/permits + transportation costs to get the goods to market + probably a lot of other input costs I'm not aware of.

The price of steel does not control the price of a car.

The price of aluminum does not control the price of a jetliner.

The price of cotton does not control the price of a towel.

The price of paper does not control the price of a newspaper.

The price of sugar does not control the price of a candy bar.

No wonder it's amateur hour all day every day in the Obama administration when inputs have no effect on the pricing of outputs.

Highlight the portion of my post that justifies your contention.