Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

U.S. Coal Stocks Fall as More Regulation Seen Post Obama Win

Peabody Energy Corp., Alpha Natural Resources Inc. and other U.S. coal producers slumped on speculation that the re-election of President Barack Obama will mean more regulation for the industry.

Peabody, the St. Louis-based coal miner that’s the largest in the U.S. by sales, fell 9.6 percent to $26.24 at the close in New York, the most in more than three months. Bristol, Virginia-based Alpha, the second-biggest, dropped 12 percent. Arch Coal Inc., Consol Energy Inc., James River Coal Co. and Walter Energy Inc. also declined.

“The coal industry has seen increased regulatory oversight from the EPA on a number of issues under Obama’s first term, such as stricter permitting requirements in Appalachia and new regulations for emission reductions at utilities,” Lucas Pipes, an analyst at New York-based Brean Capital Carret & Co., said in an e-mail today. “There’s a perception that another Obama term is negative for coal.”

Pipes said rising natural gas prices, not regulations, will be the most important driver for coal demand. U.S. coal producers have shut mines and fired thousands of workers this year after cutting tens of millions of tons of output in the face of weaker demand and prices. Coal has suffered after some power stations switched to using gas.

James River also fell today after reporting its third-quarter net loss widened to 59 cents a share from 11 cents a year earlier.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.