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. He warned:
"We've actually had discussions with power utilities who are concerned that they simply will have to implement blackouts this winter. They don't see where the fuel is coming from to meet demand. 23% of utilities are switching away from gas this fall/winter to burn more coal.With natgas, coal, and oil prices all soaring is a clear signal the green energy transition will take decades, not years. Walking back fossil fuels for unreliable clean energy has been a disaster in Asia and Europe. These power-hungry continents are scrambling for fossil fuel supplies as stockpiles are well below seasonal trends ahead of cooler weather.
Comment: Fuel shortages means skyrocketing prices as supply does not meet demand. Consider alternatives now.