Coal Is No Longer King in America, Says EIA Report

July 2, 2015, ecowatch.com | “Coal is no longer king in America. That’s the latest findings from the U.S. Energy Information Administration (EIA), which provides independent statistics and analysis of the energy sector. Coal lost its number one spot as the nation’s top electricity source for the first time on record this April.”

The stock prices of our three biggest coal companies have dropped over 95% since January of 2010. But our use of coal dropped less than 10% in the same period. So a giant drop in stock value was precipitated by a modest drop in business volume. However…
The key take-away is that stock price is determined by investors’ perception about the future of the company’s product, not by the present business performance.
The investors fled from the industry in droves because they didn’t see a future in it. —Kent Minault, activist, Beyond Coal
U.S. Energy Information Administration reports coal lost its number one spot as the nation’s top electricity source for the first time on record this April
ecowatch.com
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