Sightline Series

Coal Exports: Caveat Investor

As domestic demand for coal has tumbled, the coal industry has grown increasingly desperate to shore up falling revenues by exporting coal to Asia. And that’s why there have been so many controversial proposals to develop coal export terminals in the Pacific Northwest: the industry thinks that the Northwest offers the cheapest route to move coal from Montana and Wyoming to China, Korea, and Taiwan.

Yet careful Sightline analysis shows that the numbers simply don’t add up to profits for anyone investing in these proposals. Instead, they are highly risky financial ventures with the potential for massive and irreversible losses.

Posts on Coal Exports: Caveat Investor

18. New Video: The Pacific Rim Coal Bubble

Coal prices rose then collapsed...leaving Northwest export projects hanging by a thread.

17. The Wall Street Consensus: Coal Exports Are Risky Business

The only new coal export investors are risk-hungry speculators.

16. Is the Smart Money Bailing on Northwest Coal Exports?

Goldman Sachs divests from Gateway Pacific coal company.

15. Cloud Peak Lost Money Selling Coal to Asia

Last quarter, the PRB coal exporter only earned money betting against coal.

14. Peabody Would Lose Money on Coal Exports

Asian coal price collapse spells bad news for Gateway Pacific backer.

13. Millennium Backers In Dire Straits

Ambre Energy and Arch face an increasingly grim financial picture.

12. What’s Hiding in Ambre’s Financials?

Would-be coal exporter is playing hide-and-seek with its finances.

11. The Hidden Export Bombshell in Cloud Peak’s Financials

Powder River Basin coal giant earned more shorting coal than exporting it.

10. More Bad News for Ambre Energy

Financing failure at Montana mine suggests a cloudy future for coal exports.

9. The Coal Export Bubble

Coal's price collapse spells trouble for terminals' investors.