Westmoreland Coal Company (WLB) Poised to Gain from Coal Industry Resurgence
Renewed interest in clean coal precedes the crude oil inflation of May 2008. Nevertheless, stock investors should not ignore intense energy security pressures that have built up of late. It is a double-edged sword with threats nearly equal opportunities. The Brazilian bio-fuel model seems to have run out of steam. Though significant Midwest acreage in the United States has shifted from grain to feedstock for energy, social activism around the world threatens adequate and sustained supplies. Technology to sequester harmful emissions from burning coal, and the system of trading credits for conserving the environment, are powerful drivers for new enthusiasm…