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Global Energy Crisis Threatens to Hit U.S. Grids This Winter

  • Global coal shortages may leave utilities without enough fuel
  • U.S. power companies using 23% more coal in switch from gas
Bloomberg business news
WATCH: What is happening with the energy crisis in China and Europe? @danmurtaugh explains how it could affect the rest of the world. (Source: Quicktake)
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The energy crisis that’s led to electricity shortages and blackouts in Europe and Asia may be heading for the U.S.

Electric companies are alerting customers about winter price hikes and an energy hedge fund warned of potential gas shortages. 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.