Abstract: This invention relates to the preparation and use of a novel emulsifier for use in formulating storage stable coal and oil fuel mixtures. The stabilizer is prepared by reacting blends of unsaturated aliphatic and cycloaliphatic carboxylic acids with alkali metal hydroxides or amines. This stabilizing emulsifier allows for the preparation of coal and oil fuel mixtures containing up to 50 parts by weight of coal which possess superior storage stability over wide temperature ranges without the coal settling out, which undergo clean combustion thus reducing the increased air pollution normally associated with the combustion of coal or coal containing fuels and which may be used in conventional oil burning furnaces with a minimum of modification.