But that’s rarely a winning strategy – especially in a left-for-dead industry like coal. So several major producers have been wiped out in the past five years. At one point in 2016, roughly 44% of all the coal produced in the U.S. came from a company that had filed for bankruptcy protection since 2012, according to industry-research firm S&P Global Market Intelligence. Now, we know what you’re probably thinking... If coal is so hated and beaten down today – with serious headwinds working against it in the U.S. – why would we invest in it?
Well, it’s simple ...
It’s Not Going Away Anytime Soon Lots of folks have written about the devastation in the coal industry... including our own publisher, Porter Stansberry. Five years ago, he predicted the wave of bankruptcies that swept through the coal sector.
But what’s going on in the U.S. today isn’t the real driver of coal’s future.
We’re a rich country – both economically and in terms of energy use. When virtually all 325 million people in the U.S. hit the switch at night, their lights instantly come on.
That’s not the case everywhere in the world, though...
Once again, we come back to China and India.
Roughly 1.4 billion people live in China... Another 1.3 billion or so live in India. Together, those two countries make up more than a third of the world’s population. A large portion of those people live in “energy poverty”... meaning they have little or no electricity. And if they do have electricity, it’s not
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