Coal Companies Lost 93 Million Tons Worth of Demand in 2012 Due to Warmer Temperatures and Cheap Natural Gas
NEW YORK, NY--(Marketwire - Dec 7, 2012) - The coal mining industry has experienced major struggles in 2012 as warm temperatures and the emergence of natural gas as a cheaper alternative have caused demand for the commodity to plummet. The Market Vectors-Coal ETF (KOL) has fallen 25 percent year-to-date. The Paragon Report examines investing opportunities in the Coal Industry and provides equity research on Alpha Natural Resources, Inc. ( NYSE : ANR ) and James River Coal Company ( NASDAQ : JRCC ).
Looks like a drop as the market opens.....more good news for coal!
Demand continues to drop every year!!! More good news for coal!
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