The Texas power grid seems to have trouble with both cold and hot weather. It also can’t seem to get electricity from where it is made to where it is needed. Finally, it won’t buy power from neighboring states. All of this means electricity prices will go up, way up. I expect rolling blackouts as we hit records across multiple days here, and it’s only May. Anyone out there still remember Enron? That was the last time the Texas energy boys figured out how to make vast amounts of money while delivering less of their product (electricity). Could even be the same people.

ERCOT urges Texans to cut back on power usage over weekend