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>Hallador has a 45 percent equity interest in Savoy Energy, L.P., an oil and gas company with operations in Michigan. It's a bit daft to point to a company tha
by hueving 12y ago
>Hallador has a 45 percent equity interest in Savoy Energy, L.P., an oil and gas company with operations in Michigan.
It's a bit daft to point to a company that has a pretty be hedge against the decline of coal.
I pointed to ACI because they mostly depend on coal sales in the US so it's a pretty nice reflection of the US domestic coal market.
- bmelton 12y agoAs has been already pointed out, the domestic coal market is not indicative of the entire coal market. In the ten year period between 2002 and 2012 (the only figure I have the most recent numbers for) coal consumption went from 5 and a half billion tons to over 8 billion tons, and it's slated to hit 9 billion tons by 2019.