Just When We Thought King Coal Was a Pauper

We have been hearing for years that the use of coal was going away. Even Biden said that “we’re going to be shutting plants down all across America".
In the Forbes article linked below we read that coal has increased in cost from a range of $50-$150 per ton to over $430 a ton. And the miners can’t extract the black rock quick enough.

Why the surge in price if Biden is threatening to shut down coal? What is up with the resurgence?
Simple, Wind and solar have failed miserably. Droughts and heat waves have impacted hydro. Electric demand has risen worldwide. China and India are building more new coal plants
than the entire number here in the USA. Because they know, Energy Security is National Security.
https://bit.ly/3H1DC5v

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#recession #inflation #stagflation #hyperinflation #energy

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.