Patriot Coal Files For Chapter 11 Bankruptcy | WAMU 88.5 - American University Radio
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Patriot Coal Files For Chapter 11 Bankruptcy

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Demand for coal is at its lowest point in more than two decades. That's in part because of milder winters and a shift to cheaper natural gas. Coal companies are also facing tough new rule proposals from the Environmental Protection Agency for building new coal-fired power plants. Shares for most coal producers have taken a big hit because of these factors and the slow global economy.
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