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Drill, baby, drill? More like mine, baby, mine. 

President Donald Trump’s affinity for “beautiful” coal and promise to “bring coal back” might be more than just pandering to U.S. coal country voters and his Republican base. 

Coal does seem to be back – though mostly not due to his efforts. Instead, it stems from our surging need for electricity (pun probably not intended). As Fundstrat researchers have written about on multiple occasions, the growth of AI, data centers, and cryptocurrency, along with the increasing popularity of electric vehicles, is projected to quickly boost our need for electricity to such an extent that it has apparently silenced the environmental concerns of those who might ordinarily voice them. After all, many project that even aggressive efforts to expand other power-generation options (both renewable and non-) will likely not be enough to meet our needs (not unless a massive breakthrough in nuclear fusion research emerges, anyway).

Nevertheless, while much of the world was understandably focused on tariffs, Trump signed four pro-coal executive orders on Tuesday. They author...
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