In alcoholism, acetyl CoA is not formed from pyruvate (voicesinmyhead's question). It is rather formed from acetate:
Ethanol --> acetaldehyde --> acetate --> acetyl CoA (ethanol metabolism increases NADH)
pyruvate --> lactate (supplies NAD+)
FA 2017 on ethanol metabolism (p. 89):
increased NADH/NAD ratio disfavors TCA production of NADH
--> increased utilization of acetyl CoA for ketogenesis and lipogenesis
In a Kaplan QBank biochemistry question, the explanation states that in alcoholism, the fatty acid oxidation decreases due to relative excess of NADH, leading to decreased ketone body formation because of less acetyl CoA being available.
Kaplan gives another reason for a decreased ketone body synthesis in alcoholism: Long term alcoholism -> alcoholic cirrhosis of the liver
-> any pathway normally conducted by the liver will be impaired, such as gluconeogenesis and ketone body formation.
On the other hand, Kaplan states that there is an increased channeling of acetyl CoA into KB formation because of less oxalacetate being available for the TCA cycle.
("updated on 12/5/16")
In chronic alcoholism, apparently the acetyl CoA is mainly used for fatty acid synthesis (inhibited TCA and respiratory chain).
For ketogenesis, the perfect conditions would be lots of acetyl CoA and NAD+ in the liver. Due to ethanol metabolism, the NADH/NAD ratio is not in favor for ketogenesis as apposed to fatty acid synthesis for which a high NADH is favorable.
I hope this is a useful addition to Dhiegoncx's answer which I find to be a great overview.