wilbur ross


U.S. demand for coal is at a 24-year low, and inventories are continuing to build as the global economy slows. WilburRoss, WL Ross & Company chairman/CEO, discusses whether investors should expect more trouble ahead for the commodity


“The current downturn is secular.”

“In the past it’s been cyclical but not now. The last time coal traded at these levels the industry turned higher but I don’t think that happens this time.”

“Some railroads have large dependency on coal, too,” and that could be a problem from their bottom line.  However don’t paint all railroads with one brush, “Others do a big business hauling nat gas, ethanol and other liquids.”

“The EPA has clearly made a decision that’s quite antithetical for coal in the way of new rules they’re imposing on power plants.”