Coal Is Dead – Solar is the future

This the first of a tow part report. The first focuses more on the “Coal is dead part”.

http://www.fool.com/investing/general/2015/04/11/coal-is-dead-its-time-to-accept-it.aspx

Coal Is Dead: It’s Time to Accept It

The coal industry is on life support, and that’s not changing anytime soon.

Apr 11, 2015 at 9:09AM
For years, coal supporters have been saying that a turnaround is just around the corner. China’s demand is about to pick up, domestic environmental regulations will be struck down and we’ll fire up coal plants again, or clean coal is here!

Let’s face it: Coal is dead, and it’s been a long time coming. Peabody Energy (NYSE:BTU), Arch Coal (NYSE:ACI), Alpha Natural Resources (NYSE:ANR), and others are just barely holding onto survival while reporting hundreds of millions in losses annually. But they’ll eventually be scrapped for parts as the energy industry moves to cheaper forms of energy. Whether you accept it or not, that’s the reality of coal in 2015.

No one wants to build coal power plants
Whether it’s regulations, smog, or cost, there’s no country that wants to build more coal power plants than it absolutely has to. That puts coal producers in a tough position, dealing with falling demand and competitors that are fighting over scraps of the coal market.

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Go there and dance on coal’s grave. More next week.

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