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Yes, coal is becoming a smaller source of fuel from which we here in the US produce electricity. But we still use quite a bit of it. And we have lots of it in terms of reserves. And there are many countries in the world who rely on coal but don't have sufficient (or any) reserves. We are (or are near) the world's low-cost producer of coal, so a bad economy would make US coal more appealing to foreign buyers.
Lots of reasons to choose this commodity ETF as a hedge against US inflation/recession worries.