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April 26, 2006
Coal is the New Oil
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
Posted by John Rutledge at April 26, 2006 7:35 PM
Comments
Hi JR - I agree with you on coal but it seems like everyone likes BTU. When that happens, I tend to shy away towards other less talked about names. Why would you not want to get into Consol (CNX), Fording Canadian (FDG) or even Yangzhou Mining (YZC)?
-- Faisal Laljee
Posted by: stocksandblogs.com at May 2, 2006 3:00 AM