Economy / Finance

Coal Firm CEO: Energy Crisis May Trigger Winter Blackouts Across U.S.

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The energy crisis that has led to shortages and blackouts in Europe and Asia could hit the United States this winter, said the CEO of an energy firm. “We’ve actually had discussions with power utilities who are concerned that they simply will have to implement blackouts this winter,” Ernie Thrasher, the head of Xcoal Energy & Resources, was quoted by Bloomberg News as saying. “They don’t see where the fuel is coming from to meet demand.” He added that utilities are switching from natural gas to coal during the fall and winter months to keep up with the demand. The…

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