Forget Oil Econ 101. Steven Pearlstein writes that the President’s State of the Union

rhetoric about energy independence, cars running on alternative energy and ending our addiction to Mideast Oil — that could have come straight from the mouth of Jimmy Carter.

Indeed, it has come to this. While Iran pursues nuclear weapons, our President rhapsodizes about wood chips, stalks, and switch grass.

If anyone asks me to evaluate our country’s leadership today, I now have my answer: wood chips.

UPDATE: This is how I reacted last night–TCS put it up this morning.