Coal: Offering Investors Clean, Green and Sweet Profits

Sun, 03/06/2011 - 08:05 EDT - Seeking Alpha

Thomas Smicklas submits:Most of us know coal as a dirty, black, smelly fossil fuel that has made investors some clean, green and sweet profits recently. I believe that investment in coal remains bullish,and here's why:

While the media focuses on new energy technologies, the truth is that only a small percentage of power produced worldwide is through solar and wind. While there is obviously growth potential, the cost outweighs the hype in our present economic environment.
Natural gas supplies only 20% of electricity globally.
Steel production uses over 10% of world coal production. $70 of the world's steel production requires coal as the primary energy source. It takes approximately 1300 lbs. of coal (coke) to produce one ton of steel.
Over 40% of the world's electricity comes from coal-fired plants.
China,the worlds largest consumer of coal, with even more coal-fired power plants coming online, is betting on fossil fuel even as it

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Coal: Offering Investors Clean, Green and Sweet Profits

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