A recent report by Amanda Berg of the
[T]he proposed EPA rule would cause a shift from coal — currently used to generate half of the domestic electricity supply — to natural gas. Due to the limited domestic supply of natural gas and the moratorium on production from reserves on the Outer Continental Shelf, more natural gas would be imported, reducing
energy security. According to a study by Science Applications International Corporation, an increase in demand for natural gas would cause its price to skyrocket, raising electricity prices: U.S.
• Natural gas prices could increase by as much as 146 percent.
• Electricity prices could increase 129 percent.
• A two-thirds reduction in coal-fired electric power generation would lower gross domestic product (GDP) by $371 billion annually, say
researchers. Pennsylvania State University