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U.S. Coal Demand Declined 9.9% in 2012 - 34,700 Megawatts of Coal-Fired Generators to Be Shut Down From Now to 2020

10.12.2012  |  Marketwire
The Paragon Report Provides Stock Research on Arch Coal and CONSOL Energy

NEW YORK, NY -- (Marketwire) -- 12/10/12 -- The coal mining industry has experienced major struggles in 2012 as warm temperatures and the emergence of natural gas as a cheaper alternative have caused demand for the commodity to plummet. The Market Vectors-Coal ETF (KOL) has fallen 25 percent year-to-date. The Paragon Report examines investing opportunities in the Coal Industry and provides equity research on Arch Coal Inc. (NYSE: ACI) and CONSOL Energy Inc. (NYSE: CNX).

Access to the full company reports can be found at:

www.ParagonReport.com/ACI

www.ParagonReport.com/CNX


Gordon Howald, senior vice president of Doyle Trading Consultants LLC, at a recent conference stated that coal companies lost a total of 93 million tons in demand this year as total demand for coal in the U.S. declined 9.9 percent in 2012. Data from the Energy Department has shown that electricity demand for coal fell from 42 percent in 2011 to 37 percent in 2012, while electricity demand for natural gas rose from 25 percent to 31 percent over the same period. From now to 2020 a total of 34,700 megawatts of coal-fired generators will be shut down by utilities according to Howald.

Paragon Report releases regular market updates on the Coal Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

Arch Coal is a top five global coal producer and marketer, with 157 million tons of coal sold in 2011. The company's core business is supplying cleaner-burning, low-sulfur thermal and metallurgical coal to power generators and steel manufacturers on five continents. Arch control a vast domestic reserve base totaling 5.6 billion tons.

CONSOL Energy has 12 bituminous coal mining complexes in four states and reports proven and probable coal reserves of 4.5 billion tons. The company's premium Appalachian coals are sold worldwide to electricity generators and steelmakers. CONSOL recently announced plans to idle all Miller Creek surface operations. To date in 2012, the Miller Creek complex has produced 1.55 million tons of coal.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.paragonreport.com/disclaimer
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