Did Climate Alarmists Just Kill Another Industry?

Only a fool would invest in a dying technology. You wouldn’t invest in rotary phones, VHS players, or fax machines, so why would you invest in coal? At this point, it’s just a sucker’s bet. Only a fool would invest in a dying technology. You wouldn’t invest in rotary phones, VHS players, or fax machines, so why would you invest in coal? At this point, it’s just a sucker’s bet. [Energy and Capital logo] Did Climate Alarmists Just Kill Another Industry? [Jeff Siegel Photo] By [Jeff Siegel]( Written Dec 02, 2021 Coal is dead. We’ve been hearing this for a while, and there’s no way to sugarcoat this reality. While renewable energy production has rapidly increased within our energy economy and natural gas has maintained a strong piece of that pie, coal’s market share has continued to erode. This is due primarily to declining prices in renewable energy and a general move away from the most pollutive form of electricity generation. But despite losing market share in energy, coal still had unrelenting control of a market that nothing else could touch: steel production. Metallurgical coal, which is of higher purity than coal used for energy production, is integral to the production of steel. It always has been, which has allowed this segment of the coal industry to thrive. Until now. Buy Mimecast (MIME) Immediately The Wall Street legend who helped create America’s stock rating system says this stock could soon be rated a “Strong Buy” at every bank in New York City and Boston. “It’s all part of the biggest prediction of my 50-year career on Wall Street,” he says. “A massive and surprising new transition that could determine the next group of millionaires.” [Get the full story here.]( Crushing Coal The future of coal — both thermal and metallurgical — is grim. For thermal coal, it’s simply about economics. It simply can’t compete with nuclear, natural gas, and renewables. The mix of those three, along with new storage technologies, makes thermal coal irrelevant. And coal production — particularly in the United States — has been falling rapidly over the past 20 years. In fact, in 2020, coal production fell to its lowest level since 1965. Take a look... [coaldead] While I’ve long maintained that thermal coal has no future in a new energy economy, I didn’t completely count it out due to its necessity in steel production. But those days are over. According to a new report published by Bloomberg New Energy Finance, around 70% of steel is currently made in coal-fired blast furnaces. But thanks to a transition to a newer technology that doesn’t rely on coal — which is happening right now, by the way — blast furnace production could fall to just 18%. Make no mistake, this will absolutely crush the coal industry. The Shape of Steel to Come This new technology that can be used to produce steel is mostly being developed in an effort to cut global carbon emissions. Bloomberg notes that government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050, and efforts to decarbonize steel production are central to the net-zero aspirations of China, Japan, Korea, and the EU. And the fastest way to do this is by using what’s known as “green hydrogen,” which will soon be the cheapest production method for steel and quickly capture 31% of the market. Meanwhile, another 45% will likely come from recycled material, leaving only a small portion going to older, coal-fired plants. And make no mistake — by then, they won’t be building new coal-fired power plants. To do so would be the equivalent of building whale oil processing facilities today. Yes, coal is dead. Well, not completely dead yet. But it is heading to the ash heap of history. Elon Musk Drops MASSIVE Bombshell The shrewd billionaire just made a VERY strange confession about the future of his electric car empire. The secret he reveals could also mint fortunes for smart, fast-moving investors. This has nothing to do with buying shares of Tesla. [Click here]( for the stunning details. Understand, I don’t say this as a criticism of coal. Much of our modern society today exists because of the contributions the coal industry has made. But that doesn’t mean it’s not going to become irrelevant. Things change. We no longer buy blocks of ice to keep our food cold in ice boxes because we have refrigerators now. We no longer go to the video store to rent VHS tapes because we can stream movies right to our tablets and televisions. We no longer use rotary phones because we can use our cellphones that fit into our pockets and can also be used to monitor stock quotes, watch videos, and order food. I know some hardline coal investors will read this with disgust, but my only intention is to help you make money. And that’s just not going to happen if you continue to invest in a dying industry. Forget coal. It’s heading off into the sunset of obsolescence and not worth your time. Instead, focus on the newer technologies and platforms that are not only going to change the world but also make you filthy rich. I’m talking about new energy innovations that are replacing fossil fuels with [unlimited supplies of cheap, zero-emission fuels](... Private solar deals that allow you to [earn monthly dividends on billions of dollars' worth of solar projects across the globe](... Or even [new cryptocurrency plays]( that make Bitcoin look like wooden nickels. Bottom line: Only a fool would invest in a dying technology. You wouldn’t invest in rotary phones, VHS players, or fax machines, so why would you invest in coal? At this point, it’s just a sucker’s bet. Invest in the future and prosper. To a new way of life and a new generation of wealth... [Jeff Siegel Signature] Jeff Siegel [[follow basic]@JeffSiegel on Twitter]( --------------------------------------------------------------- $10 Space Stock to Soar on February 26 The space race is entering hyperspeed. Most recently, billionaires like Jeff Bezos and Elon Musk have been stealing the limelight when it comes to the space race. But now the government is getting involved, and it’s creating the perfect opportunity for exponential growth for one small company. I’ve had my eye on this small company for months now. I watched on November 20 when it experienced its first successful launch into orbit and the subsequent 35%+ run in one day... And the best part? This is just one of many launches scheduled for the United States Space Force, which this small company has secured the contract for. The next launch is scheduled for February 26, 2022. But it’s not just a Space Force contract and future launches that will send this company’s price soaring... Sure, they will help, but the way this company is completely revolutionizing space technology is what will send its stock price from around $10 to potentially hundreds of dollars per share. The gains to be had on February 26 are just the beginning of a truly stellar journey... A journey that could turn an investment of $1,000 into $80,000… $10,000 into $800,000... or more. But with each passing day, those gains become smaller. This isn’t an opportunity you want to watch from the sidelines. [I urge you to view my research on this company so you can understand the potential for this stock in the coming months and take action accordingly.]( Browse Our Archives [Assets to Own in Inflationary Times]( [NASA Will Put a Nuclear Reactor on the Moon by 2030]( [Jerome Powell's Fed Nomination Traps President Biden in an Invisible Box]( [We're Going Down to Bitcoin City, Where the Boys Are Rich and the Girls Are Pretty]( [Investing on Thanksgiving Day: An Analysis of Socially Responsible Investing]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. 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