I have two class mates that work in the coal industry. They both think the coal industry is dying from Federal regulations. Both are hoping it will survive long enough for them to retire and be able to draw a pension.
The EPA is the reason for the coal down turn in this country. I would NOT invest any money in a dying industry. The odds of losing it are too great. Even in good times coal related companies have been poor investments over the last fifty years or so. All it takes is one accident in one mine they own and the company tanks shortly after that. This is worse in tunnel mining but is also true with open pit mining too.
Natural gas is the darling of the moment. The backlash from the tree huggers and politicos is starting against it now. So investing in ANY energy company right now is too risky for me. Maybe if your a young person that can live through the current regulation storm maybe they will recover but I would not bet much money on it.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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