Oil and Coal Show Us the Global Economy Is Collapsing

By: Graham Summers
GoldSeek.com
Tuesday, 21 July 2015

In the US, Coal has become a political hot button. Consequently it is very easy to forget just how important the commodity is to global energy demand. Coal accounts for 40% of global electrical generation. It might be the single most economically sensitive commodity on the planet.

With that in mind, consider that Coal ENDED a multi-decade bull market back in 2012. In fact, not only did the bull market end… but Coal has erased virtually ALL of the bull market’s gains (the green line represents the pre-bull market low).

The Rest…HERE

This entry was posted on Tuesday, July 21st, 2015 at 1:18 am and is filed under Economics, Energy. You can follow any responses to this entry through the RSS 2.0 feed.