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Coal stock drops quickly after Tuesday's election

Coal stock has started a quick slide in the wake of President Obama's re-election. OPEC officials said that fossil fuels will remain the main energy source in the coming years, but James River Coal's shares dropped a staggering 22%, Arch Coal's dropped more than 11%, Alpha Natural Resources' dropped more than 12%, and Peabody Coal Corporation has declined by more than 9% since Tuesday's election.

Filed under: Kentucky | Economy | Around the region | Mining


 
 

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