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Why would any of them do that right now anyway? The prices have never been this high
by brundolf 6y ago
Why would any of them do that right now anyway? The prices have never been this high
- meepmorp 6y agoSometimes, politicians need to look busy; often during or just after a big fuck up.
- brundolf 6y agoThis was my thought too. The entire leadership of Texas is under a massive PR crisis, so they pass a bill that accomplishes nothing in practice but sounds really good and tough.
- meepmorp 6y agoI assume they'll eventually blame ERCOT for the mess, pass some reform measures, and the situation will return to the status quo. For the powers involved in the matter, the lack of regulatory rigor is a feature, not a bug. I'm always happy to be proven wrong, though.
- Arnt 6y agoGas is basically an auction. Banning out-of-state bidders decreases the price in-state bidders have to pay.
- gregw2 6y agoTwo possibilities: 1) Other states are cold and also in need of natural gas and willing to pay more at this critical time 2) Longstanding client relationships and/or contracts