The Unexpected Crisis in Coal

Little noticed by most economists, the price of coal — the source of most of our electricity — has sky-rocketed since the financial crisis in 2008. As the world's largest coal exporter, U. S. mining companies will certainly profit. However, this same trend may threaten the solvency of leading American electric utilities. Where is this trend leading? What's driving it? What are the implications? How can you profit? We'll give you the answers.

On Saturday night, May 8, 2010, a coal mine in western Siberia was.....