Trump Reignites Coal Industry at Davos

In classic Trump fashion, the President declared at the World Economic Forum in Davos, “Nothing can destroy coal. Not the weather, not a bomb. It’s a great backup.”  These words, delivered with signature bravado, sent a warm glow through U.S. coal producers—along with a noticeable bump in their stock prices.

Peabody Energy Corp. surged over 7%, Core Natural Resources Inc. climbed nearly 3%, and the coal subsector index shot up by over 4%.  For an industry that’s been left out in the cold in recent years,…