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He told us that a big reason he’s so bearish on coal, especially coal in the U.S., is because it is uneconomical with regards to natural gas. For now, he says most coal in the U.S. is going to be “seaborneâ€Â� because there are more markets for it overseas than in the US. He says the best market for coal is the less polluting variety which will eventually have a market in China, a big coal user, as it tries to reduce levels of pollution. But even that will not be enough to make coal stocks attractive. He said he is actively shorting stocks of some companies heavily involved in coal production but declined to go public with the names at this time.
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