Thread Rating:
  • 2 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
The price of food and insane electric bills
#3
(02-24-2021, 12:01 PM)727Sky Wrote:

Been hearing a lot of discussion on this. Some feel this is the result of "unbridled capitalism" and Texas needs the government to step in. Some blame green energy. And some blame out-of-staters on the problem. 

Because the world is always demanding my opinion, here it is. You can only plan and prepare for so much. At some point, you gamble. Everyone does this everyday. No one expected the snow and cold that far south, not even the energy industry. The probability was negligible. Well, we saw the long shot and its affects. 

Those buying energy in that market gambled too. When the prices were low, no one complained. But the same market forces which kept those prices low now are pushing consumers' bills to insane levels. It is up to the energy consumers in Texas to decide where they go from here. 

They do not need government to regulate a solution. The demand side can leverage more stability in pricing on its own. Will they do it? I doubt it. This is too good an opportunity for progressive White Knightery to save the day. This will be bludgeoned over everyone's heads at the national level in the weeks to come. A fact-free avalanche of vitriol and hyperbole. 

* I feel bad for those who got obscene bills. I feel worse for those who got obscene bills and had automatic payment set up thought their bank account or credit card. There may be some lawsuits coming soon on this. Just a guess. 

** Thanks for letting me blab on your thread.


Messages In This Thread
RE: The price of food - by 727Sky - 02-24-2021, 12:01 PM
RE: The price of food - by ABNARTY - 02-24-2021, 01:35 PM
RE: The price of food - by Wallfire - 02-24-2021, 02:06 PM
RE: The price of food - by Michigan Swamp Buck - 02-24-2021, 04:33 PM
RE: The price of food - by Kenzo - 02-24-2021, 06:57 PM
RE: The price of food - by F2d5thCav - 02-25-2021, 11:23 AM

Forum Jump:


Users browsing this thread: 1 Guest(s)