From: Long Investing Ideas from Seeking Alpha - 9:39am - August 15, 2012By Invest Chief:Needless to say, coal has had a rough a year. New environmental regulations and cheap, abundant natural gas have helped give coal a temporary squeeze on prices. The Market Vectors Coal ETF (KOL) is down over 23% YTD and Patriot Coal (PCXCQ) was a poster child for failing coal industry.Despite the negatives presented with coal, should you be a buyer? First, let's look at the facts: 40% of the world's electricity comes from coal, which is more than the alternative sources such as natural gas, nuclear power, wind, solar and geothermal combined. That is a significant chunk of reliance on coal that will not simply vanish overnight. While coal does have some environmentally unfriendly qualities it is cheap and abundant which gives it its continued appeal. That being said, continuing to develop and look for alternatives is a must.To be far, it is important to note that ...
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Source: http://ewallstreeter.com/is-it-time-to-invest-in-coal-2425/
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