coal stocks are so 1940's

coal stocks are so 1940's

fiction
edward w pritchard


Looks like several American coal companies will be filing chapter 11 in the next few weeks. It looks like President Obama and the Green lobby have spoken and the coal industry in America is down for the count. SEE WLT, ANR, ACI and BTU, coal stocks are on the critical list.

Here's what I wrote before;

Separately Chinese stocks and ADR's traded in America are tanking as well but the Green lobby can't be blamed for that one.

President Obama and war against coal


fiction
Edward w Pritchard




As Julius Caesar humbled Gaulic chieftain Vercingetorix  so President Obama brings the American Coal industry to it's knees.


Coal stock prices have fallen more than 20% in a few days off already historic lows. Deflation or the environmental lobby lead by President Obama looking to destroy a source of pollution and global warming?


Does America need vibrant coal companies in case of a real War if we must fight a determined and fortified opponent?


Cell phones and Alibaba's do not run on coal. Is there a connection between weak American coal stocks and sky rocketing stock prices for Chinese online retailers? Perhaps in time Alibaba can use it's gigantic cash stash to buy America's coal reserves. As far as I know it still gets cold in China sometimes and the Chinese still use some coal to generate electricity. Or are hard commodities now obsolete in the era of super duper wrist watches from Apple and American investors pushing and fighting to own restrictive ADR's on Chinese on line retailers whose boards and directors are answerable to the communist party.


As the philosopher said, reason is dead and flux is the new King.


Me, I watch the junk bonds of the leading coal companies fall day after day and dream of a mega turn around the equities of ANR or WLT.