The
slump in
coal prices has driven at least two dozen coal companies into bankruptcy in the last three years alone, including major producers like James River Coal and Patriot Coal Corporation, after many of the worst performers — who betted on an upturn that never came — made acquisitions and borrowed heav
coal prices has driven at least two dozen
coal companies into bankruptcy in the last three years alone, including major producers like James River Coal and Patriot Coal Corporation, after many of the worst performers — who betted on an upturn that never came — made acquisitions and borrowed heav
coal companies into bankruptcy in the last three years alone, including major producers like James River
Coal and Patriot Coal Corporation, after many of the worst performers — who betted on an upturn that never came — made acquisitions and borrowed heav
Coal and Patriot
Coal Corporation, after many of the worst performers — who betted on an upturn that never came — made acquisitions and borrowed heav
Coal Corporation, after many of the worst performers — who betted on an upturn that never came — made acquisitions and borrowed heavily.
And though we burn 8 billion tons of
coal every year to fuel around 33 percent of the nation's electricity generation, the industry has been
slumping in the face of low natural gas
prices and sluggish growth in electricity demand.