![]() ![]() ![]() ![]() utilities are switching away from gas and expected to burn about 23% more coal this year. That’s prompted utilities to use more coal, which as a result is also now in short supply around the world. The global economic recovery from the pandemic has driven up demand for power, triggering shortages and higher prices for natural gas, especially in Asia. “There are people of high authority at large utilities that are deeply concerned.” He declined to name the companies, saying they come from almost every region in the U.S. “These utilities are worried the assets that they have can’t get enough fuel,” Thrasher said in an interview. Ernie Thrasher, chief executive officer of Xcoal Energy & Resources LLC, said said utility executives have told him they’re anxious that fuel shortages this winter could trigger blackouts. (Bloomberg) - The energy crisis that’s led to electricity shortages and blackouts in Europe and Asia may be heading for the U.S.Įlectric companies are alerting customers about winter price hikes and an energy hedge fund warned of potential gas shortages. ![]()
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