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Because of what happened in Texas, the higher demand of gas affected electricity generation in Northern Mexico which has been without electricity too. As as I u
by pier25 6y ago
Because of what happened in Texas, the higher demand of gas affected electricity generation in Northern Mexico which has been without electricity too. As as I understand it, not only the price of Gas wet up 5,000% but also there were shortages.
The federal government has started doing electricity cuts in most Mexico to control the gas reserves and distribute energy to the Northern states.
Edit:
Here is an article about this in English:
https://www.8newsnow.com/news/international/mexico-suffers-another-day-of-rolling-blackouts-due-to-storm/ https://www.8newsnow.com/news/international/mexico-suffers-a...
- texasbigdata 6y agoOne of my smartest Austin friends predicted the outages by watching nat gas spot prices as early as last friday. Weird world
- sjg007 6y agoNext time you need to buy nat gas futures.
- skybrian 6y agoSpot prices are up dramatically. Futures seem to only be up slightly. Maybe a natural gas supplier that was prepared could have done something, but could an investor have profited from this without being able to do physical delivery?
- zozin 6y agoSounds like traders predicted the outages.
- HNfriend234 6y agoMexico is smart though because they have LNG import terminals. There is an incoming LNG carrier coming in less than 24 hours which will restore their power.
- ashtonkem 6y agoSecond question: how much storage do they have? Apparently one of the issues in Texas is that they use just-in-time gas delivery from their wells .... which just froze.