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Will coal make a comeback?
Federal energy officials estimate that coal power plants will generate about 170 billion kilowatt hours more electricity this year, a 22% increase from 2020. Coal's share of the nation's power mix is expected to increase from 20% last year to 24% this year.
Freeport LNG CEO Michael Smith says Europe will likely need to rely on burning coal in the short term in order to meet its energy needs and reduce its reliance on Russian oil. Smith spoke with Bloomberg Television on the sidelines of the CERAWeek conference in Houston, Texas.
https://www.youtube.com/watch?v=bItajL7EDPQ
Coal Stocks
Alpha Metallurgical Resources Inc. ( NYSE: AMR)
Natural Resource Partners L.P. (NYSE: NRP)
Peabody Energy Corp. ( NYSE: BTU)
Alliance Resource Partners, L.P. (Nasdaq: ARLP)
Ramaco Resources Inc. ( Nasdaq: METC)
Consol Energy Inc. ( NYSE: CEIX)
Warrior Met Coal, Inc. ( NYSE: HCC)
Why are coal stocks rising?
But its price has risen as supplies have tightened. That has increased demand for coal and contributed to the rise in coal prices, too. A cold, expensive winter is forecast for the United States. As global energy demand has increased, coal exports from the United States to China and other regions have leapt
Will coal use increase in the future?
Despite global efforts to slash carbon emissions, global coal-fired power generation is expected to rise 9% and hit a record by the end of 2021 as electricity demand from the economic recovery outstrips a shift to cleaner energy sources, the International Energy Agency said Friday.
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🔥 Disclaimer: Everything expressed in this video is a personal opinion provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence.
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