The idea behind Texas energy policy was that a deregulated market didn't require any oversight to protect the system from crisis, because profit-maximizing utilities would build in robust excess capacity to take advantage of possible price spikes 2/
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But they didn't, even though the price spike has been incredible 3/pic.twitter.com/LpX5a6VUQ4
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And consumers didn't just freeze in the dark; many are now facing catastrophic bills 4/https://www.ft.com/content/0e746280-e72c-4087-9c0d-df2a7af82b77 …
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So it's now looking as if this will be a three-phase crisis: 1. No power or hear 2. No clean water, or maybe no water at al 3. A wave of bankruptcies It's one hell of a lesson — but the people running Texas won't learn it 5/
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My dad loves your shit
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Smart dad!
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Once power is fully restored I’d LOVE some polling to know if Texans are buying that particular line of BS.
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The oil and gas state opposing renewable energy sources? Of course they will.
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There is no difference, if they were building support to eliminate cats. They are actually packaging two lies as one: "It is not the fault of an unregulated, unprepared power grid." "The Green New Deal will destroy us." Thinking of all those still struggling in Texas.
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