The EPA has announced new regulations on mercury emissions by powerplants that will cost about $11 billion per year. Lisa Jackson, the EPA Administrator says the new regulations will save 17,000 lives and $140 billion per year. Her claims are fanciful and the reality is that this is just another attack by the Obama Administration on the use of fossil fuel. The reality is that people in America, including those residing near power plants, do not now suffer from effects of mercury in the atmosphere. American powerplants release about 0.5% of the mercury released into the atmosphere, so the new regulations will do nothing but increase people's electricity bills. Of course, increasing electricity bills was one of Obama's campaign promises.