Lower Natural Gas Supply Gives Coal Hope

July 16, 2012

Despite the recent trend which suggests that natural gas production is on the rise and coal may never recover, the opposite may be the case. The root of this possible reversal lies in the huge difficulty of accurately measuring the natural gas reserve. There is massive uncertainty with regard to the natural gas supply; only […]

Is Coal Dead?

July 13, 2012

In the wake of Patriot Coal’s filing for bankruptcy on Monday, other coal stocks have plummeted. James River Coal (JRCC) began the week at $3.47 and dropped a whopping 42.7 % to $1.99 at the market’s close on Friday, Alpha Natural Resources (ANR) started the week at $8.71 and ended at $7.63, Peabody Energy Corp […]

EIA Reports Increase in Natural Gas

July 6, 2012

In their usual weekly report, the U.S. Energy Information Administration reported today that last week natural gas in underground storage increased by 1.27 percent (by 39 billion cubic feet, from 3,063 Bcf on 6/22 to 3,102 Bcf on 6/29). The natural gas stock is now 24.1 percent above last year’s total (2,500 Bcf) and 22.7 […]