Coal – The Ignored JuggernautSubmitted by Tyler Durden on 06/30/2012 09:38 -0400Submitted by PeakProsperity.com contributing editor Gregor MacdonaldCoal – The Ignored JuggernautOil, natural gas, and alternatives dominate the headlines when it comes to energy. But theres a big and largely-overlooked revolution occurring with the energy source likely to become the most preferred fuel for a world in economic decline: coal.The United States coal sector has been hit very, very hard this spring. Demand has been crushed by over 10%, as warm weather and bountiful supplies of cheap natural gas have induced power plant operators and all other users where possible to switch away from domestic coal. The rapid change in fortune has sent the stock prices of big, listed names such as Peabody and Arch down by double digit percentages, aGermany Guest Post headlines India International Energy Agency Japan Middle East Natural Gas ratings The Economist Worlds the Dow Jones US Coal Index has fallen below 160 from above 225 at the start of 2012.
