Posted on 10/07/2021 7:12:46 PM PDT by blam
The energy crisis that is rippling through 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.
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.
A similar story is playing out in the U.S., where increased demand for coal might not be reached by mining companies. We noted Thursday morning that boosting output might be challenging due to years of decommissioning mines to reduce carbon emissions and transition the economy from fossil fuels to green energy. There’s also been a steady decline of miners over the last three and a half decades.
“That whole supply chain is stretched beyond its limits,” Thrasher said. “It’s going to be a challenging winter for us here in the United States.”
Utility company Duke Energy Corp.’s Piedmont Natural Gas unit, covering North and South Carolina customers, warned power bills this winter are set to rise due to high natgas prices and low production.
A pure-play coal company that is already benefiting from the demand surge and rising prices is Peabody Energy Corporation. As cooler weather fast approaches, the company may see increased demand for its thermal coal that utility companies use to produce electricity. On a technical basis, a so-called bullish “golden cross” was just triggered.
The troubled green energy transition gives the fossil fuel industry new hope, especially “Making Coal Great Again.”
Couldn’t have a Great Reset without it.
But I’m sure the Son of a Bitch in the White House will be nice and warm this winter.
Even if he croaks.
What did we have before Democrats? Electricity.
THAT is something you can be sure of.
And all the rest of the “global elites”.
Go long BTU and CEIX (Consul Energy). Both strong US coal plays.
Another warning from the left. I wonder is this is what Fauxi meant when he talked about a dark winter, even though I know it’s code for another epidemic.
Keep on prepping, folks.
So rolling blackouts, food & paper goods shortages, our homeless veterans & elderly struggling, BUT let’s bring in all these migrants. I want to seriously know: after they put them up in hotels all over the country are the hotels then just unusable? Do they reveal that to tourists? This country is becoming a nightmare world.
Thanks, I’ll look into them.
In order to “buy low, sell high” you must first BUY LOW.
This country is gasping it’s last dying breaths.
I don’t even care anymore.
And CEIX is almost at it’s “high”.
The great migration south will happen this winter. People will have to to survive. The chaos that will cause will be the final blow for America.
Starvation and cold will do what the COVID-19 Wuhan virus could not - cause a great die-back of the human population on this planet.
In the midst of plenty, we are stricken with endless poverty.
Yep, and it’s being done on purpose.
Does that mean I should buy a generator to keep my oil furnace running so the water pipes don't freeze and split this coming winter? -Tom
There was no energy crisis in the USA one short year ago. It’s completely man made and political.
This may be a good thing, people need to suffer in order to wake up.
Didn’t the Deagel Report suggest mass southern (as in to Central America) migration, in addition to major depopulation?
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