Coal is the New Oil

Coal is the New Oil

April 26, 2006

This story from the Asia Times is one of the reasons I have been telling people to invest in tight oil markets by buying coal.

China approves coal-to-oil project. Yankuang Group has received government approval to develop a 5-million-ton coal-to-oil project in northwest China’s Shaanxi province.

As I said on Fox News recently, coal is the new oil. As a way to place your bet I like Peabody Coal (BTU) which has more than doubled since I recommended it on Fox News. I bought some more today. I also like the exchange traded fund for Australia, New Zealand, Singaport, and Hong Kong (EPP) which has been very good to me too.

JR

John Rutledge

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