Uranium-stocks.net reported on Coal: Contrarian's Investment :

As far as energy prices go, coal has historically been lower and less volatile than oil and gas. For developing nations, this makes coal a first pick as an energy source, and combined with considerable deposits, it is simply the cheapest and most convenient thing around. This isn't to say it's not important for the rest of the world: in the United States, almost 50% of all electricity generated and 90% of the steel production is fired by coal.

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