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Coal's Future Rides on Energy Bill
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By Kevin Grewal, Contributing Analyst at www.smartstops.net
The future of coal is riding on the passage of the Waxman-Markey Clean Energy bill.
Supporters say it will produce cleaner energy while opponents argue it will result in higher taxes and unfriendly business practices.
Coal, the most abundant fossil fuel, has many things going for it. First, global demand is on the rise, fueled by the likes of China and India. Secondly, the weakness of the U.S. dollar could spark a jump in consumption. Thirdly, domestic and overseas demand for steel and electricity consumption is expected to grow in 2010. ...
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