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Rising tide lifts all prices

July 20, 2008

I heard from a friend that coal is now 100% more expensive than last year and that increase is going to show up in our electric bills.  I heard yesterday that wheat is now 200% more expensive than last year because corn prices have skyrocketed based on ethanol demand.

The price of oil has a direct impact on ALL OTHER forms of energy.  Energy is fungable and there are substitutes for oil.

There is no end to the sky and sea.

From Jan-Baker.com: "There is no end to the sky and sea."

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