This Left-for-Dead Sector Is About to Explode Higher
This Left-for-Dead Sector Is About to Explode Higher by Justin Spittler – Casey Research
A revolution has begun.
It’s going to change America in ways you can’t possibly imagine.
No, I’m not talking about a political revolution. I’m talking about an energy revolution.
Rick Perry, President Trump’s energy secretary, explained this revolution in a press conference last week:
For years, Washington stood in the way of our energy dominance. That changes now.
We are now looking to help, not hinder, energy producers and job creators.
Perry makes a good point.
From 2009 to 2016, the Obama administration held back America’s energy sector. The Environmental Protection Agency (EPA) alone enacted nearly 4,000 regulations during Obama’s tenure.
These measures severely handicapped the energy sector. They even killed some companies.
Of course, Obama’s no longer running the show. Trump is. And he wants to put American energy companies first.
This might sound like an empty promise. But if there’s one thing Trump’s done consistently since taking office, it’s support the energy sector.
This is great news for oil and gas companies. But it’s even better news for an industry that many investors have left for dead.
• I’m talking about the coal industry…
The coal business is what Doug Casey likes to call a “choo-choo train” industry.
It’s a dirty, dangerous, and downright difficult industry. It hasn’t changed much since the Industrial Revolution, either.
That’s why environmentalists hate it. It’s also why the EPA passed more than 33,000 pages of regulations under Obama.
These measures have cost coal companies $312 billion since 2009. That’s nearly $40 billion per year.
• Obama basically tried to regulate the coal industry out of existence…
He nearly succeeded, too.
Just look at all these coal companies that have gone bankrupt in the last few years.
- Patriot Coal
- James River Coal
- New World Resources
- Walter Energy
- Alpha Natural Resources
- Arch Coal
- Peabody Energy
Just so you know, these aren’t second- or third-tier companies. They’re some of the biggest U.S. coal producers.