No, the Oil Boom Isn’t Raising Power Bills—President Obama Is
- 12/19/2014
- Alex Fitzsimmons
- Blog
An eye-catching headline at Bloomberg News is making the rounds: “Cheap Oil Jamming Rails Means Higher U.S. Power Bills.” The claim would be newsworthy if it had any basis in reality. Here’s how the article begins: U.S. electricity costs are poised to reach the highest level since 1999 because railroads are too clogged to deliver […]