NEW YORK TheStreet -- Coal companies were one of the worst-performing industries in 2012. This can be tied to decreasing demand for coal in the U.S. thanks to cheaper and increasingly abundant natural gas. While domestic coal demand was down in 2012 and not likely to rebound in 2013, the coal story looks much different in other countries.China has become the largest importer of coal with fellow emerging-market country Indonesia recently becoming the second-largest importer. While estimates for future, foreign demand vary widely, the International Energy Agency is calling for coal to "come close to surpassing oil" for the world's largest energy source by 2017.
Seeming Down and Out, Coal Has a Rich Future
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