Ya got plenty Electric Bill Paying money?

If you enjoy the benefits of affordable and readily available electricity, a new report from the non-partisan Congressional Research Service (CRS) may spur you to press your elected representatives for a reassessment of climate alarmism.

Entitled "Pipelines for Carbon Dioxide (CO2) Control: Network Needs and Cost Uncertainties" (Jan. 10, 2008), the report sounds dull enough, but its contents simply undermine the notion that we’ll be reducing CO2 emissions anytime soon.

More than 70 percent of the electricity generated in the U.S. involves the burning of coal, natural gas or oil, and their attendant emissions of CO2. This reliance on fossil fuels is unlikely to change in the foreseeable future.

But perhaps the most sobering assessment cited by the CRS comes from the United Nations Intergovernmental Panel on Climate Change (IPCC), the group that has the official lead in selling climate hysteria. The IPCC estimates that the per ton cost of CO2 mitigation ranges from $31 to $71 for a coal-fired power plant.

Given that one ton of coal produces about 1.8 tons of CO2 and using the midpoint of the IPCC’s estimated cost range ($51), the per ton cost of CO2 mitigation for one ton of coal is $92. As the current price of coal is about $10 per ton and the price of transporting that coal to an electric power plant averages about $25, capturing and sequestering CO2 could effectively raise the effective price of coal to power plants from $35 per ton to $127 per ton -- a 362 percent increase.

That sort of increase would likely dramatically impact electric bills. Since about one-third of the cost of electricity is fuel, tripling fuel costs could double the price of coal-fired electricity. To the extent that higher coal costs drove power plants to switch from coal to natural gas, the additional demand for gas would force those prices higher as well. By the way, electricity produced from natural gas already costs about four times as much as from coal.

All this is quite unfortunate for the many federal, state and local officials who have painted themselves into Al Gore’s corner. The only way out of the climate panic that they’ve helped to foment is to take another look at the science.

After all, who would want to be the politician-on-duty when electric bills double or, worse, the lights go out for those who can’t afford such increases?

http://www.foxnews.com/story/0,2933,325408,00.html