Predictions of further coal production cuts (I, II) are coming to fruition, as Patriot Coal (PCX...

|About: Patriot Coal Corp. (PCXCQ)|By:, SA News Editor

Predictions of further coal production cuts (I, II) are coming to fruition, as Patriot Coal (PCX -8.2%) says it will again reduce production of thermal coal in response to persistently weak demand. Rock-bottom prices for natural gas have been a massive headwind for coal producers as they struggle to compete with the cheaper power source.