Before he was elected, one of President Trump’s promises on the campaign trail was to help re-ignite growth in the US coal mining industry. Regulations designed to control emissions, along with cheap overseas imports and rising costs, have resulted in a slow death of the US coal industry. [klarman] According to the latest Energy Information Administration production figures, through the first three weeks of the year, US coal production totaled an estimated 40.2 million st, down 7.3% from the year-ago period. Weekly US coal production totaled an estimated 14.65 million st in the week ended January 20, down 11.2% from…
Who Will Save The Coal Mining Industry?
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk