First, I think that the natural gas plants simply shut down, because Texans can buy their annual gas contracts at a set price, prior to the season onset, and the sudden uptick in nat-gas prices, thanks to Biden, would have financially crushed the plants.
Second, the committee that runs the state's power grid is as corrupt as any organization can get. Funny that Joe gave US power grid access to China almost as soon as he took office, isn't it?
Look into who runs that committee. I am working on that now and, so far, it isn't pretty.
They should have anticipated on election night, or at least the next day. that all petrol product prices were going to go through the roof under Biden.
They did not.
So, rather than take a bath, they cut everyone off.
I like how the guy in the tweet blames Capitalism, while saying they "got the rules changed". What rules? Idiots. I'm with you, I think this has a lot more to do with pricing and fuel shortages than anything else.
One thing that comes to mind after doing some reading is how natural gas is unlike coal in that you do not have stockpiles of it, but simply pipe it in as needed. Most likely the reason for the shortages has something to do with the equipment near the extraction freezing up, killing delivery of the fuel and causing prices to skyrocket.
The spot price of natural gas jumped ten times. The utility companies weren’t allowed to send this added cost on to the consumer so they shut down the gas plants instead of loosing money. They then reduced the production in coal and nuclear plants to make the situation worse. Now rules have been changed to allow those costs to be added to the consumers.
Basically several utility companies and ercot conspired durning a natural disaster to get legislation passed for their benefit. I don’t see a problem with the rule change, but the means they took to get it is a criminal conspiracy.
Board Member Terry Bulger...related to mobster William "Whitey Bulger?...has spent his career heading up the risk division of ABN AMRO Bank...which has been under investigation for the last few years for being the money laundering hub for all of Europe's crime cartels.
The Boars Chair, Sally Talberg is a screaming liberal. She attended Michigan State and majored in environmental science, and is largely responsible for the Texas turbines now falsely being accused for failure.
Her early career was spent in Detroit, where "she co-led the development of Michigan Saves, a nonprofit green bank that has financed over $200 million in energy efficiency projects, while also helping staff the state's wind zone board and offshore wind council."
Winter power loads are typically far below summer, that is why they don't plan on using that capacity but if it was a conventional fossil fuel source, they could ramp the fucking thing up in a day. See the issue now?
I still don't understand. I know China is just fucking with us. I understand that part but what was the reason that biden gave to allow China access anyway? What legitimate business does a foreign country have in our power grid? It's like saying the US should have access to Russia's power grid. Makes no sense talking in strictly legitimate purpose.
One could be cost. See if you replace a bunch of peak demand with alternatives there is less of an appetite for fossil fuels, meaning less investment in infrastructure, bigger supply constraints during unplanned events. Natural gas plants maybe exposed to spot gas prices during this time. Check out this article:
https://www.dallasnews.com/business/energy/2021/02/16/electricity-retailer-griddys-unusual-plea-to-texas-customers-leave-now-before-you-get-a-big-bill/
If you agree to supply electricity (annual contracts) to households at a fixed price and the cost to produce goes up 100x, are you going to crank the turbines to max? It is probably going to bankrupt some producers.
Another problem is that electricity prices can't vary enough because consumers wouldn't be able to adjust consumption accordingly for lack of knowing what the current prices are. So electric pricing is regulated. So fuel price spikes lead to electric power shortages as plants offline to avoid losing money.
Coal and nuclear -especially nuclear- are base load fuels. Gas is peak load fuel.
Base load fuels are those that are slow to start and ramp up.
Gas prices spiked because Xiden and cold. Pair that with regulated electricity prices and you have gas fired plants offlining to avoid losing money. Add the frozen wind turbines to this picture and you have a real problem.
I hear ERCOT just allowed spot pricing for electric power, which means those gas plants can come back online. It also means we've no idea what we'll be getting billed at the end of the month -- could be thousands of dollars for all I know, but it's better than dying, so on the whole it's the right decision, even if some will call it "price gouging".
I wouldn't yet say this was "planned", but there's a lot of people in regulatory agencies making bad decisions that they know are bad decisions, so then in a way all disasters caused by bad regulatory planning / rules / rulings are "planned".
Read it again.
They built the wind turbines for summer weather patterns.
They were never meant, or counted upon, for winter electical supply, by their own usage projections.
Which leaves their two, primary meins of winter electricty production; coal and nuclear plants.
The author points out that nothing in the equation should be hampering the state's nuclear plants, nor those running on coal.
Only the few running on natural gas are feeling a fuel supply squeeze.
Which does NOT account for 4.5 million outages.
First, I think that the natural gas plants simply shut down, because Texans can buy their annual gas contracts at a set price, prior to the season onset, and the sudden uptick in nat-gas prices, thanks to Biden, would have financially crushed the plants.
Second, the committee that runs the state's power grid is as corrupt as any organization can get. Funny that Joe gave US power grid access to China almost as soon as he took office, isn't it?
Look into who runs that committee. I am working on that now and, so far, it isn't pretty.
Will do
Here is an article that explains it. Natural Gas production has fallen off a cliff. The gas generators can not produce if they do not have fuel https://www.texastribune.org/2021/02/16/natural-gas-power-storm/
https://i.maga.host/FuCyIGm.png
This image from a separate post implies the power companies are paying spot prices for the extra NG. What do you make of it?
I think this is exactly what happened.
They should have anticipated on election night, or at least the next day. that all petrol product prices were going to go through the roof under Biden.
They did not.
So, rather than take a bath, they cut everyone off.
I like how the guy in the tweet blames Capitalism, while saying they "got the rules changed". What rules? Idiots. I'm with you, I think this has a lot more to do with pricing and fuel shortages than anything else.
One thing that comes to mind after doing some reading is how natural gas is unlike coal in that you do not have stockpiles of it, but simply pipe it in as needed. Most likely the reason for the shortages has something to do with the equipment near the extraction freezing up, killing delivery of the fuel and causing prices to skyrocket.
A lot of Texas' government agencies are super corrupt.
For one, the Ercot CEO, Bill Magness, was George H W Bush's Assistant US Attorney from 6/89 - 12/91.
Before that, he spent 3 yeara at Palmer & Dodge Law Firm...the same firm that dumped Trump.
Added to the list.
The Vice Chair of the Board is Peter Cramton, a Stamford grad (yeesh) who is a lifelong professor (double-yeesh).
Guess where he teaches....
In Germany, where they are having their own power grid failure right now.
University of Cologne
Lol
Board Member Terry Bulger...related to mobster William "Whitey Bulger?...has spent his career heading up the risk division of ABN AMRO Bank...which has been under investigation for the last few years for being the money laundering hub for all of Europe's crime cartels.
He lives in Illinois.
The Boars Chair, Sally Talberg is a screaming liberal. She attended Michigan State and majored in environmental science, and is largely responsible for the Texas turbines now falsely being accused for failure.
Her early career was spent in Detroit, where "she co-led the development of Michigan Saves, a nonprofit green bank that has financed over $200 million in energy efficiency projects, while also helping staff the state's wind zone board and offshore wind council."
She was also involved in the Flint water crisis. That's pretty weird. She's a Michigan resident managing power in Texas. That's not weird at all.
Good idea.
Just posting here as I find new info.
What is most interesting is the extent of international influence in Texas' power grid, from the Netherlands to Germany to India.
Half the engineering execs are from India.
Winter power loads are typically far below summer, that is why they don't plan on using that capacity but if it was a conventional fossil fuel source, they could ramp the fucking thing up in a day. See the issue now?
I agree with your premise.
However, the argument at hand is that Texas has more than enough fossil fuel and nuclear plants to do just that, but they are not.
All of the current msm articles are now blaming "grid rolling issues".
Meaning it is likely a software issue .
Which China now has access to, thanks to Biden. Just like Dominion...which is both a voting software and an energy firm.
I still don't understand. I know China is just fucking with us. I understand that part but what was the reason that biden gave to allow China access anyway? What legitimate business does a foreign country have in our power grid? It's like saying the US should have access to Russia's power grid. Makes no sense talking in strictly legitimate purpose.
Yes it should be illegal. No foreign country should have anything to do with critical infrastructure in our country.
One could be cost. See if you replace a bunch of peak demand with alternatives there is less of an appetite for fossil fuels, meaning less investment in infrastructure, bigger supply constraints during unplanned events. Natural gas plants maybe exposed to spot gas prices during this time. Check out this article: https://www.dallasnews.com/business/energy/2021/02/16/electricity-retailer-griddys-unusual-plea-to-texas-customers-leave-now-before-you-get-a-big-bill/ If you agree to supply electricity (annual contracts) to households at a fixed price and the cost to produce goes up 100x, are you going to crank the turbines to max? It is probably going to bankrupt some producers.
Another problem is that electricity prices can't vary enough because consumers wouldn't be able to adjust consumption accordingly for lack of knowing what the current prices are. So electric pricing is regulated. So fuel price spikes lead to electric power shortages as plants offline to avoid losing money.
Coal and nuclear -especially nuclear- are base load fuels. Gas is peak load fuel.
Base load fuels are those that are slow to start and ramp up.
Gas prices spiked because Xiden and cold. Pair that with regulated electricity prices and you have gas fired plants offlining to avoid losing money. Add the frozen wind turbines to this picture and you have a real problem.
I hear ERCOT just allowed spot pricing for electric power, which means those gas plants can come back online. It also means we've no idea what we'll be getting billed at the end of the month -- could be thousands of dollars for all I know, but it's better than dying, so on the whole it's the right decision, even if some will call it "price gouging".
I wouldn't yet say this was "planned", but there's a lot of people in regulatory agencies making bad decisions that they know are bad decisions, so then in a way all disasters caused by bad regulatory planning / rules / rulings are "planned".