Energy Prices Rising In Texas....Again

Texas is again facing a power squeeze as the Electric Reliability Council of Texas (ERCOT) asked residents this week to conserve as much power as possible until Friday.
The conservation request is sure to trigger flashbacks to February when millions were left without power in sub-freezing temperatures. Now, residents are asked to use their air conditioning sparingly with Texas in the midst of a summer heatwave.

As of Tuesday, over 12,000 megawatts of the state's roughly 86,000 megawatts of generation capacity were offline, or enough to power 2.4 million homes.

ERCOT officials said the outages were " very concerning" and unplanned, and warned that by Tuesday the demand for electricity could begin stressing its reserves.
https://www.foxbusiness.com/economy/energy-experts-texas-power-shortages

Texans have spent the week keeping cool by fanning themselves and finding shade after the power grid's operator, commonly known as ERCOT, asked that they conserve energy as temperatures rise and several power plants fail.

ERCOT officials haven't pinned down the cause of the mechanical issues that led to the breakdowns just four months after a massive power outage left millions of people in the state without heat or electricity.

But some energy experts warn that the recent failures unmask the vulnerability of the state's grid and that they may portend additional shutdowns should temperatures continue to climb this summer.

"It's not a total surprise that hot weather would strain the grid, only it usually happens in August. That's what we expect and plan for," said Michael Webber, a professor of energy resources at the University of Texas at Austin.

https://www.nbcnews.com/us-news

duncan61 wrote:
We are fortunate to have massive supplies of natural gas.A look at Western Australia
LNG values
Liquefied natural gas (LNG) is a significant industry for Western Australia, with production increasing substantially over several years. In 2016-17 sales volumes reached 28.7 billion tonnes generating sales of $12.7 billion. LNG accounts for 66 per cent of all Western Australian petroleum sales.

LNG is currently produced from four projects in Western Australia: the North West Shelf Joint Venture project, Woodside's Pluto project (first LNG in mid-2012), the Gorgon Gas project (first LNG in 2016), and the Wheatstone project, which shipped its first LNG in October of 2017. Western Australia is also home to Shell's Prelude Floating LNG Project.

Australia's LNG export volumes will be driven by increased production at Gorgon, as well as the completion of the remaining LNG projects under construction — Wheatstone, Ichthys and Prelude. These three projects will add around 21 million tonnes to Australia's LNG export capacity, bringing total nameplate capacity to around 88 million tonnes.
The Alarmists still claim its all bad

James___ wrote:
This from Fox Business;

Texas is again facing a power squeeze as the Electric Reliability Council of Texas (ERCOT) asked residents this week to conserve as much power as possible until Friday.
The conservation request is sure to trigger flashbacks to February when millions were left without power in sub-freezing temperatures. Now, residents are asked to use their air conditioning sparingly with Texas in the midst of a summer heatwave.

As of Tuesday, over 12,000 megawatts of the state's roughly 86,000 megawatts of generation capacity were offline, or enough to power 2.4 million homes.

ERCOT officials said the outages were " very concerning" and unplanned, and warned that by Tuesday the demand for electricity could begin stressing its reserves.
https://www.foxbusiness.com/economy/energy-experts-texas-power-shortages

Capitalism is working GREAT in Texas. More sky high energy bills be be forthcoming as a means to encourage Texans not to use the air conditioning when it's hot outside.
And WOW!!! A whopping 14% of the states energy generating capacity is offline.
This means the price increase for each KwH will cost more than if that capacity were online and available.
Other states that are federally regulated do not have these issues. But Texans should pay for trusting capitalists who care more about their own wealth than they do about the people paying the bills.
Because of what happened during the winter with cold spell, some utilities went bankrupt to protect their customers. I mean really guys, twice in 6 months Texas utilities will be price gouging consumers.
p.s., Go Red means Go Republican or Go Russia! How can I tell the difference?

James___ wrote:
With this article, it comes from Texas via Yahoo.com. It seems that some gas suppliers voluntarily turned off processing equipment to lower demand for gas. And this in turn created a shortage. Simply put, back when it got cold in Texas, those who controlled the gas reduced supply to drive up prices.
https://www.yahoo.com/news/natural-gas-companies-were-paid-215301846.html

duncan61 wrote:

James___ wrote:
With this article, it comes from Texas via Yahoo.com. It seems that some gas suppliers voluntarily turned off processing equipment to lower demand for gas. And this in turn created a shortage. Simply put, back when it got cold in Texas, those who controlled the gas reduced supply to drive up prices.
https://www.yahoo.com/news/natural-gas-companies-were-paid-215301846.html

Your fully correctly elected president appears to be Morphing in to batman

James___ wrote: It seems that Europe is now experiencing what Texas has gone through.

James___ wrote: Although in this instance, Russia is the energy provider.

James___ wrote: Maybe it's a payback for sanctions because of its annexation of Crimea and the sanctions imposed on it?

James___ wrote:Might be where politicians "stuffed" it?

IBdaMann wrote:

James___ wrote: It seems that Europe is now experiencing what Texas has gone through.

It was stolen by Americans from Mexico?

James___ wrote: Although in this instance, Russia is the energy provider.

... instead of refried beans?

James___ wrote: Maybe it's a payback for sanctions because of its annexation of Crimea and the sanctions imposed on it?

Mexico has never forgiven the annexation of Crimea either.

James___ wrote:Might be where politicians "stuffed" it?

That's right!

.

James___ wrote:
This from Fox Business;

Texas is again facing a power squeeze as the Electric Reliability Council of Texas (ERCOT) asked residents this week to conserve as much power as possible until Friday.
The conservation request is sure to trigger flashbacks to February when millions were left without power in sub-freezing temperatures. Now, residents are asked to use their air conditioning sparingly with Texas in the midst of a summer heatwave.

As of Tuesday, over 12,000 megawatts of the state's roughly 86,000 megawatts of generation capacity were offline, or enough to power 2.4 million homes.

ERCOT officials said the outages were " very concerning" and unplanned, and warned that by Tuesday the demand for electricity could begin stressing its reserves.
https://www.foxbusiness.com/economy/energy-experts-texas-power-shortages

Capitalism is working GREAT in Texas.

James___ wrote:
More sky high energy bills be be forthcoming as a means to encourage Texans not to use the air conditioning when it's hot outside.

James___ wrote:
And WOW!!! A whopping 14% of the states energy generating capacity is offline.

James___ wrote:
This means the price increase for each KwH will cost more than if that capacity were online and available.

James___ wrote:
Other states that are federally regulated do not have these issues.

James___ wrote:
But Texans should pay for trusting capitalists who care more about their own wealth than they do about the people paying the bills.

James___ wrote:
Because of what happened during the winter with cold spell, some utilities went bankrupt to protect their customers. I mean really guys, twice in 6 months Texas utilities will be price gouging consumers.

James___ wrote:
p.s., Go Red means Go Republican or Go Russia! How can I tell the difference?

James___ wrote:
With this article, it comes from Texas via Yahoo.com. It seems that some gas suppliers voluntarily turned off processing equipment to lower demand for gas. And this in turn created a shortage. Simply put, back when it got cold in Texas, those who controlled the gas reduced supply to drive up prices.
https://www.yahoo.com/news/natural-gas-companies-were-paid-215301846.html

S@ve0ur3arth wrote:

James___ wrote:
This from Fox Business;

Texas is again facing a power squeeze as the Electric Reliability Council of Texas (ERCOT) asked residents this week to conserve as much power as possible until Friday.
The conservation request is sure to trigger flashbacks to February when millions were left without power in sub-freezing temperatures. Now, residents are asked to use their air conditioning sparingly with Texas in the midst of a summer heatwave.

As of Tuesday, over 12,000 megawatts of the state's roughly 86,000 megawatts of generation capacity were offline, or enough to power 2.4 million homes.

ERCOT officials said the outages were " very concerning" and unplanned, and warned that by Tuesday the demand for electricity could begin stressing its reserves.
https://www.foxbusiness.com/economy/energy-experts-texas-power-shortages

Capitalism is working GREAT in Texas. More sky high energy bills be be forthcoming as a means to encourage Texans not to use the air conditioning when it's hot outside.
And WOW!!! A whopping 14% of the states energy generating capacity is offline.
This means the price increase for each KwH will cost more than if that capacity were online and available.
Other states that are federally regulated do not have these issues. But Texans should pay for trusting capitalists who care more about their own wealth than they do about the people paying the bills.
Because of what happened during the winter with cold spell, some utilities went bankrupt to protect their customers. I mean really guys, twice in 6 months Texas utilities will be price gouging consumers.
p.s., Go Red means Go Republican or Go Russia! How can I tell the difference?

Agree. However, I think that capitalism is not exactly the evil on earth. We should look for a mixed economy like most countries in Europe.

James___ wrote:

duncan61 wrote:

James___ wrote:
With this article, it comes from Texas via Yahoo.com. It seems that some gas suppliers voluntarily turned off processing equipment to lower demand for gas. And this in turn created a shortage. Simply put, back when it got cold in Texas, those who controlled the gas reduced supply to drive up prices.
https://www.yahoo.com/news/natural-gas-companies-were-paid-215301846.html

Your fully correctly elected president appears to be Morphing in to batman

And just think, the federal government had nothing to do with decreasing natural gas availability during an epic cold spell. Just the people profiting from it.

Into the Night wrote:

James___ wrote:

duncan61 wrote:

James___ wrote:
With this article, it comes from Texas via Yahoo.com. It seems that some gas suppliers voluntarily turned off processing equipment to lower demand for gas. And this in turn created a shortage. Simply put, back when it got cold in Texas, those who controlled the gas reduced supply to drive up prices.
https://www.yahoo.com/news/natural-gas-companies-were-paid-215301846.html

Your fully correctly elected president appears to be Morphing in to batman

And just think, the federal government had nothing to do with decreasing natural gas availability during an epic cold spell. Just the people profiting from it.

Gas companies do not profit from plugged gas lines.

James___ wrote:

Into the Night wrote:

James___ wrote:

duncan61 wrote:

James___ wrote:
With this article, it comes from Texas via Yahoo.com. It seems that some gas suppliers voluntarily turned off processing equipment to lower demand for gas. And this in turn created a shortage. Simply put, back when it got cold in Texas, those who controlled the gas reduced supply to drive up prices.
https://www.yahoo.com/news/natural-gas-companies-were-paid-215301846.html

Your fully correctly elected president appears to be Morphing in to batman

Even with all your crying, screaming, kicking demands. Didn't your mamma explain to you, that you don't always get what you want? Usually before slapping
you hard, giving you something to really cry about...
And just think, the federal government had nothing to do with decreasing natural gas availability during an epic cold spell. Just the people profiting from it.

Gas companies do not profit from plugged gas lines.

It's called supply and demand. Ever hear of it?