Despite Massive Energy Finds, Electricity Costs Hit All Time High Under Obama

In Obama’s defense, at least he has kept some of his campaign promises. He said he would fundamentally transform America, and already it is doubtful that anyone who fought and died for the USA in wars past would recognize it now. More specifically, he said he would cause energy prices to skyrocket.

Inexplicably, people voted for him anyway. Now we read this:

The price of electricity hit a record for the month of October, according to data released [last] Wednesday by the Bureau of Labor Statistics. That made October the eleventh straight month when the average price of electricity hit or matched the record level for that month.

The average price of electricity in October was 13.2 cents per kilowatt hour (KWH), up from 12.8 cents per KWH in October 2012–and up from 9.3 cents per KWH in October 2003.

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Americans now pay 42 percent more for electricity than they did a decade ago.

Looks like malevolent regulation more than makes up for the discovery of massive new energy reserves that could produce more oil than OPEC.

There is no surer way to lower the standard of living than to raise the price of energy, since it in turn raises the price of everything, in turn decreasing profit margins, in turn raising unemployment, in turn increasing dependence on government, in turn improving the political fortunes of the cancer that is killing us, the Democrat Party.

On tips from Conan and Bob Roberts. Cross-posted at Moonbattery.

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