Above – Michael Liebrich of Bloomberg New Energy Finance discusses how energy efficiency & distributed renewable energy will kill energy suppliers.

Vice:

Two Appalachian mining companies filed for bankruptcy earlier this year, while Murray Energy Corporation, the largest underground coal miner in the country, said on Friday it is set to lay off around 1,800 workers, more than a fifth of its workforce. Another 439 miners from Alpha Natural Resources are also facing layoffs, the Associated Press reported.

Murray Energy founder and CEO Robert Murray warned of the layoffs and other industry shake-ups last week during a coal conference in Pittsburgh, Pennsylvania.

“Every major coal company in this country is either going to be broken up or sold or in bankruptcy except two,” he said. “And I hope I am one of them.”

US coal production is expected to fall 7 percent in 2015, according to the US Energy Information Administration.