delta1 wrote:quite an indictment against unregulated capitalism;
https://news.yahoo.com/cfo-at-jerry-jones-gas-company-on-rising-prices-due-to-texas-freeze-like-hitting-the-jackpot-235448196.html
Oh Please! You get your analysis from a third rate Yahoo Sports writer?
None of you Chicom Biden fans even knows what 'capitalism" is, so how could you determine the difference between "unregulated capitalism" and "regulated capitalism"?
Clearly the politicians and the ERCOT bureaurats, a third of which don't even live in Texas set the stage for this disaster...well because they love being central planning experts instead of leaving the responsibility and risks to individual energy providers to provide excess capacity to properly service their customers when needed (because that would be real capitalism).
I don't know how many times you have to read into the plan to figure it out, but it definitely isn't laissez-faire. But nothing will convince the nitwits that the Texas system isn't a deregulated energy market. Of course nitwits would define a deregulated energy market as anything not overseen by the Federal Energy Regulatory Commission (FERC)
https://wattsupwiththat.com/2021/02/19/assigning-blame-for-the-blackouts-in-texas/