Coal May Surpass Oil as Better Bet on Demand for Cheaper Fuel

Coal, the hard, black byproduct of fossilized plants used as fuel since China’s Western Han dynasty 2000 years ago, may overtake oil as the best performing energy investment.

That, at least, is the emerging consensus from a diversity of speculators, investors and giant corporations including Wilbur Ross, the billionaire bankruptcy specialist, BHP Billiton Plc, the world’s largest mining company, and Merrill Lynch & Co., the third-largest U.S. securities firm.

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