Tuesday, August 01, 2006

Coal Stocks the new Oil Stocks

It sure seems that way from this article.

Stocks of U.S. coal producers have handily outpaced those of Big Oil over the past two years. During that period, for example, shares of oil giant ExxonMobil gained 37%, while the stock of Peabody Energy, the world's largest private-sector coal producer, more than quadrupled.

The real appeal of coal is that it isn't underneath countries that just love killing Americans. Too bad the Stanley Steamer went out with the 20s.

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