Coal company shares soared today, perhaps thanks to a Bloomberg report describing Europe's...

|By:, SA News Editor

Coal company shares soared today, perhaps thanks to a Bloomberg report describing Europe's exploding demand for coal despite tough EU restrictions on carbon emissions. Coal is now more competitive to burn in Europe than gas, and more of Europe's coal may come from the U.S. PCX +33.3%, ANR +6.4%, BTU +5.4%, ACI +3.8%, JRCC +9.8%.