Peabody Energy Corp. said Wednesday it’s the latest coal industry leader to face sector-wide pressures and seek U.S. bankruptcy protection. “This was a difficult decision, but it is the right path forward for Peabody,” Peabody President and CEO Glenn Kellow said in a statement. “Through today’s action, we will seek an in-court solution to Peabody’s substantial debt burden amid a historically challenged industry backdrop.” Natural gas is becoming the primary source of electricity in the United States. Prior to April 2015, the total monthly share of electricity generated by coal had always been greater than gas. A short-term market report from the U.S. Energy Information Administration said domestic crude oil production is expected to decline by 16 percent this year, […]