The move by Trump underscores a massive policy shift from the Biden-Harris regime's 'green' policies that only acted as a 'throttle' on the economy, making US companies less competitive globally. Meanwhile, China ramped up cheap energy via an explosion in coal-fired power production.

"They can fuel it with anything they want, and they may have coal as a backup — good, clean coal," Trump said in a virtual appearance at Thursday's annual World Economic Forum in Davos, Switzerland. 

Trump said that if critical infrastructure, such as natural gas and oil pipelines, gets "blown up," coal could be used as a critical backup energy source. 

He noted, "We have more coal than anybody," adding, "We have more oil and gas than anybody."

Trump is correct.

The US is the world's largest producer of oil and NatGas. Although it holds the largest coal reserves globally, it ranks fourth-largest coal producer, behind China, India, and Indonesia.

With Trump pausing the war on fossil fuels, the urgent need to ramp up power production through NatGas and coal will likely become a reality. This move aims to ensure a more stable transition to a clean energy future, including nuclear, while hopefully lowering energy bills for Americans after Biden-Harris' reckless green policies drove power prices sky-high. 

Trump's comments on coal sent shares of Peabody Energy, the top US coal miner, surging as much as 7.6% last Thursday—the largest intraday gain since right after the November presidential election.

Will Trump's comments produce a price floor in the low $18 handle, similar to the price action in 2023?