“Proving that Ben Bernanke can even screw up the economics of Christmas, the price of a lump of coal has increased more than 63 percent in the last year and a half,” Tim Cavanaugh notes at Reason.
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For a president who cheerfully promised journalists he’d bankrupt the coal industry, does that increase count as a sufficiently gradual rise in energy prices?
Meanwhile, in other energy news, Mark Steyn spots an Australian paper stumbling into this lede:
THE great green hope to save motorists money at the pump — ethanol-blended fuel — could become more expensive than other types of petrol and force up food prices.
As Mark quips, “Experts: So burning food for fuel raises prices, huh?”
Gosh, who knew?
Related: Bye-bye biodiesel.
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