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Isaiah53 [S] 45 points ago +45 / -0

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.

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deleted 22 points ago +22 / -0
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Isaiah53 [S] 17 points ago +17 / -0

Will do

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SnowflakeJuice 3 points ago +3 / -0

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/

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LoobintheToobin 7 points ago +7 / -0

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?

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Isaiah53 [S] 8 points ago +8 / -0

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.

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LoobintheToobin 5 points ago +5 / -0

I bet they were like the guys at the table who laughed at President Trump when he said it would get cold. They said Science didn’t agree. President said something like, Science doesn’t know.

I think: The power company bought the global warming crap so they didn’t buy more gas (after all, why prepare, it’s not like we have cold winters anymore.) They probably also voted for Buydem and didn’t anticipate the price increase like the rest of us rational people.

Maybe even a few kickbacks to take it out on Texas. Very useful warfare timed with impeachment failure.

In regards to the wind “Mills” they didn’t expect to need the power during winter, and also probably didn’t ever expect them to get so cold they would crack and break. The failure of their infrastructure will last into the coming year(s). I think blaming the turbines allows them an excuse for all the upcoming price gouges the people will see. They will have to do some first class spinning to pull back into “but we still need reliable energies cause climate change is real.” I think this is when they pivot and start raping the oceans. (Got a mailer from my local power company about the wave energy stuff they were gonna put in the ocean...) sigh. Oh and the giant batteries, cause batteries will make it better.

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krzyzowiec 3 points ago +3 / -0

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.

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tdwinner2020 3 points ago +3 / -0

A lot of Texas' government agencies are super corrupt.

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RichyCunningHAAM 3 points ago +3 / -0
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. 
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deleted 1 point ago +1 / -0