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Saturday, June 9, 2012

Cheap Natural Gas Displaces Coal, Hammers Railroad Revenue, Share Prices

Coal, one of the fossil fuels.
Coal, one of the fossil fuels. (Photo credit: Wikipedia)
 By Pierre Bertrand : Subscribe to Pierre's RSS feed June 8, 2012 4:48 PM EDT U.S. utilities are switching from coal to less-expensive natural gas to generate electricity, a cost-saving move that results in decreased railway shipments of the fossil fuel and lower revenue for railroads. Coal's share of U.S... Continue to read.

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