"As the price of energy soars, I am convinced wealthy countries will turn to the one remaining fossil fuel that is still in abundance: coal," notes growth stock expert Jim Powell.
The editor of Global Changes & Opportunities Report, "Given the high price of oil, the coal-to-liquid fuel industry is starting to take off. One company that should profit handsomely is Headwaters (NYSE: HW)." Here is his review.
"To make coal available for most applications, it must be converted to gasoline and diesel fuel. Fortunately, that process is cost effective when oil costs over $40 a barrel. Since oil is now over twice that price, the coal-to-liquid fuel industry is starting to take off.
"Coal isn't without its critics. When burned, it gives off greenhouse gasses and other pollutants. However, technologies exist that solve those problems. With oil at current levels, it pays to implement the cleanup
processes and put coal to work.
"Headwaters should profit handsomely from the growing demand for coal. The company developed technology that changes the chemical composition of coal into high value products, including petrochemicals that are usually made from oil.
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