The US coal industry is under an increasing amount of pressure on a multitude
of fronts. Not only are policymakers turning their backs on coal, but the pure
market economics of coal are also deteriorating. While coal has been a dominant
source of energy for the majority of the modern era, this fossil fuel is now
being cast aside due to the emergence of cleaner and/or more promising forms of
energy. Coal has even been facing massive pressures from within the fossil fuel
industry, namely from natural gas interests.
Not surprisingly, most of the major US coal companies have continued their
historic stock declines. Companies like Peabody Energy (NYSE:BTU), Alliance
Holdings GP (NASDAQ:AHGP), and Arch Coal (NYSE:ACI) have experienced an
unrelenting downward pressure on their stock prices over the past few years.
Even electric utilities are starting to warn about the potential difficulties
associated with coal. In fact, a nonprofit organization associated with the
largest Michigan utilities has stated that 25 coal units will shut down in a
half-decades time. Coal is clearly having an extremely hard time adapting to the
changing energy landscape.
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