It is a well-documented fact that coal production – and usage – has been declining for decades in the United States, and for good reason. The Washington Examiner recently reported on a paper titled Coal Cost Crossover, which found the cost of operating coal power plants continues to rise, to the point that it is actually driving inflation across the U.S. economy. Despite this, Texas and ten other GOP attorneys general have filed a lawsuit claiming something different: that three large asset managers have “colluded” to manipulate energy markets and are the apparent drivers of consumer electricity price increases. Blaming a boogeyman is a time-honored political gambit, but it often leads to bad public policy.
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