PCX, BUCY, BTU and Other Coal Miners are very Attractive Now (PCX, rated BUY)
July 20, 2008
Currently, 50% of the electricity generated in North America comes from burning coal. While China currently generates 80% of its electricity from coal. There is enough coal left on the planet to last another 230 years. Since 2000, the price of coal has risen from $30 per tonne to around $120 per tonne. The Chinese are paying twice as much for coal now than they did a year ago.
Read more at http://conquerthewallstreet.blogspot.com/2008/07/peabody-ener…
PCX, BUCY, BTU and Other Coal Miners are very Attractive Now (PCX, rated BUY)
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