More Texas Electric Grid Ripoffs

Steven Guccione

Texas refuses to buy power from other states, even given the recent stunning shortfalls of the Texas power grid. This seems to be simply to avoid Federal regulation, and allow overcharging to Texas consumers. It turns out it is even worse than that. There is extremely cheap power in places right in Texas that can’t find it’s way to where it is needed. So people are paying very, very high prices when there is very, very cheap power right nearby. It is almost as if the Texas power companies don’t want to save customers money. From Shelby Webb on Twitter:

This is wild. Wholesale power prices have spiked in the Houston region, north of $317 per megawatt hour. But less than three hours away in Calhoun County (where there’s a lot of wind power), prices are NEGATIVE $883

The Prophet of the Revolt

Steven Guccione

I have been saying for a while that the worldwide political unrest is caused by the internet. More specifically, the widespread use of the internet on mobile phones using applications like Facebook. This is to today’s world what the printing press was to Martin Luther’s. Ex-CIA analyst Martin Gurri has been studying this for over a decade and has some good points. I may have to get his 2014 book.

“Every major transformation in information technology has brought in train widespread chaos and disruption, often accompanied by bloodshed, as the old elites – wedded to obsolete forms of communication – were chased up their castle towers and heaved out the window.”

The Prophet of the Revolt