Why I’m Bullish On Coal Stocks

Coal is a hard, black byproduct of fossilized plants. Coal accounts for 25 percent of global energy consumption, significantly less than crude oil (39 percent), but more than natural gas (22 percent). Coal is cheap, abundant compared to crude oil and natural gas and used mainly in electricity production and in the manufacturing of steel.

If you are familiar with Hubbert


As prices for crude oil, natural gas and even uranium have risen more than 100% in the last year, coal and coal stocks have not been part of this rally. However, I think that coal and coal stocks will not have to wait much longer for their turn to run.

According to the EIA, 67% of the world