The Wall Street Journal today ran a top-fold, front page news item about how China's insatiable demand for energy has stimulated a boon in the international trade of coal. This is more evidence that globalization makes a mockery of the best laid plans to fight climate change. So while Congress deliberates, and enviros agitate, big, bad King Coal is making money hand-over-fist selling coal to a growing China.
Fallacy: impossible expectations