- Coal companies (KOL) have been closing mines and laying off workers, but coal isn't going away: Coal remains the biggest source of fuel for generating electricity in the U.S. even as production leaves Appalachia in favor of places such as Wyoming, and exports are growing fast.
- One reason coal won't disappear soon is that regulators are reluctant to let utilities become too dependent on natural gas, fearing that a sudden price jump could send electricity prices soaring; also, utilities have billions of dollars invested in plants that haven't been paid off.
- Overall, U.S. coal production is projected to remain relatively constant over the next three decades, according to the U.S. Energy Information Administration (EIA's quarterly coal report).
- Top coal names: BTU, ACI, ANR, CLD, CNX, JRCC, WLT.
at Zacks.com (Nov 14, 2014)