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The U.S. may relinquish some of its top coal producers to China, a country starving for natural resources with the world’s fastest growing economy. China relies upon coal for 80 percent of its energy needs and uses one quarter of the world’s annual consumption. America’s top eight coal producers are worth more than an estimated $50 billion. A bargain for the Chinese who already own $405.5 billion in U.S. debt. America can ill afford to lose more of its companies and jobs to entities abroad. The nation’s coal mining industry is currently 48 percent foreign owned. The U.S. does not need to lose more of this industry to foreign interests. Source MoneyMorning:
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