Coal or Natural Gas?

- March 19th, 2010

Seekingalpha.com reported on Coal or Natural Gas?

Seekingalpha.com reported on Coal or Natural Gas?

The U.S. uses a lot of oil. With only 5% of the world’s population, the U.S. consumes 25% of total worldwide oil production. In 2009, America sent $265 billion overseas for oil. In 2008 oil nearly hit $150/barrel and gasoline was over $4.50/gallon in many parts of the country. The U.S. foreign oil bill in 2008 was a gargantuan $465 billion. America obviously has an oil crisis. Combined with fiscal and monetary mismanagement by the Federal Reserve and a dysfunctional Congress, the oil crisis has led to a severe economic crisis, a jobs crisis, and a country that has saddled future generations of Americans with a horrendous debt load.

Click here to access the entire Editorial

Get the latest Coal Investing stock information

Get the latest information about companies associated with Coal Investing Delivered directly to your inbox.

Coal Investing

Tags

Leave a Reply