I have two class mates that work in the coal industry. They both think the coal industry is dying from Federal regulations. Both are hoping it will survive long enough for them to retire and be able to draw a pension.
The EPA is the reason for the coal down turn in this country. I would NOT invest any money in a dying industry. The odds of losing it are too great. Even in good times coal related companies have been poor investments over the last fifty years or so. All it takes is one accident in one mine they own and the company tanks shortly after that. This is worse in tunnel mining but is also true with open pit mining too.
Natural gas is the darling of the moment. The backlash from the tree huggers and politicos is starting against it now. So investing in ANY energy company right now is too risky for me. Maybe if your a young person that can live through the current regulation storm maybe they will recover but I would not bet much money on it.
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Today's Featured Article - Show Coverage: The Old Gold National Antique Tractor Show - by Cindy Ladage. Over the fourth of July weekend, the Illinois State Fairgrounds in Springfield, Illinois, was the site of the Old Gold National Antique Tractor Show. Tractors of all makes and models were displayed and separted into categories by their age. Deere, Oliver and even a Wards and Keck Gonerman were part of the crowd. A sea of red International Harvester's seemed to be the the model with the biggest showing. The crowd was decent for the scorching July heat. The opening day started o
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