Blackouts To Begin This Winter In The US As The Energy Crisis Leaves The World Scrambling For Coal

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The energy crisis that is hitting Asia and Europe could unleash electricity shortages and blackouts in the U.S., according to Bloomberg.

Ernie Thrasher, CEO of Xcoal Energy & Resources LLC., told energy research firm IHS Markit that U.S. utilities quickly turn to more coal because of soaring natural gas prices.

"We've actually had discussions with power utilities who are concerned that they simply will have to implement blackouts this winter," Thrasher warned.
He said, "They don't see where the fuel is coming from to meet demand," adding that 23% of utilities are switching away from gas this fall/winter to burn more coal.
A big issue is there isn't enough coal miners and trained workers left to meet the insane demand which could put further pressure on prices.