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Made my first venture into BTU today..price fell to $28 and change. The situation with coal rings a familiar bell. Hilary Clinton was going to corral the health care system and pound the pharmaceuticals to dust..that lasted about 6 months. She was politely shoved to the back of the room and pharma exploded.
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All Comments by Greg Pinelli »Peabody Energy: Will Abundance of Chinese Coal Cause Price Weakness? [View article]
BTU (and other quality suppliers) and coal aren't going to become obsolete because of Obama's preferences or predilections. Most of the worlds ready to use electricity and heat come from coal. Any other "cleaner" infrastructure will take years to come on line and tens of billions to finance...good luck. When people need what they need high minded environmental convictions get tossed with yesterdays newspapers.