Who needs Enron when you have taxpayer-backed “banks.”
Whereas 20 years ago, it was Enron that made billions from the California electricity crisis (which it caused), a scandal which culminated with Enron’s scandalous and convoluted bankruptcy, this time it is pristine banks such as Goldman and Bank of America that made hundreds of millions of dollars in revenue as tens of millions of Texans were stuck in the dark.
According to the Financial Times, in the days when the Texas electric grid failed during last month’s polar vortex blast and which sent electricity prices to staggering levels, Bank of America made hundreds of millions of dollars in trading revenue “highlighting the upside for Wall Street from mayhem that knocked out power and heat across the state, industry executives and traders said.”
My latest at InsideSources.com. Pres. Joe Biden promised to make climate a central organizing principle of his administration. White House climate czar Gina McCarthy has promised to make Biden’s climate policies “irreversible.” It would be a good time for Biden to reevaluate these promises in the wake of the manmade winter storm catastrophe that just […]
By Susan Duclos – All News PipeLine February 20, 2021 Empty store shelves, water shortages, freezing weather with no electricity, and as Texas officials work to get the electric grid back, electric bills have surged between $10,000 and $17,000 and people are having to scrape ice off their walls to boil for clean water. While individual […]
By Greg Hunter On February 27, 2021 In Politics By Greg Hunter’s USAWatchdog.com (Saturday Night Post) Climate engineering researcher Dane Wigington says the big snow storm that hit Texas and much of the south is nothing short of weather warfare. Look at the snow that won’t burn in video after video. It’s synthetic, but the mainstream media (MSM) is telling you this is […]
#TrumpTax#CPAC#TexasBlackout Supreme Court, CPAC Give Major Updates on Trump; Texas Blocks Utilities From Billing Customers | NTD 555,203 views•Streamed live on Feb 22, 202117K347ShareSaveNTD 1.32M subscribers 💎YouTube is deleting our videos. Sign up now to get censorship-free news updates you can trust. 👉https://newsletter.ntd.com 💎BYPASS Censorship: Watch our videos for FREE directly on https://www.ntd.com – Support […]
“Nothing short of winter weather warfare.” by Dane Wigington The extremely anomalous surface cool-down in Texas and other parts of the world are not just random acts of Nature. Global climate engineering operations are not just a proposal, they have been an ongoing reality for over 70 years. Erratic and unprecedented weather is radically increasing everywhere. Though there […]
Submitted by Dave Hodges on Monday, February 22, 2021 – 13:23. When we view extreme out of the ordinary events, such as the unprecedented weather in Texas, we have to look for conventional answers to explain the phenomenon. The explanations I am going to set forward, would have been considered extreme 10 years, 20 years ago. However, […]
Feb 22 – Last week Texas experienced a cold snap that resulted in serious statewide damage, death, and destruction. The collapse of the state’s energy grid left millions of Texans in the dark and freezing for days at a time. Tragically, at least 30 people died.
There are many reasons why Texas became like a Third World country, and we should be careful not to pin all the blame on just one factor. But it seems clear that the disaster was to a large degree caused by political decisions to shift toward “green” energy generated from solar and wind and by Governor Abbott’s authoritarian Covid restrictions.
Abbott, who won a “wind leadership” award just this month, oversaw the near-collapse of wind energy generation last week. Yet the politicization of energy generation in favor of “green” alternatives over natural gas and other fossil fuels has led to the unintended consequences of freezing Texans facing multiple millions of dollars in property damage and worse.
Additionally, federal emissions and other restrictions forced Texas to beg Washington for permission to generate power at higher levels in anticipation of unprecedented demand. Governor Abbott finally received permission from the Department of Energy on February 14th, but by then many facilities found themselves off-line due to freezing conditions.
Why should the Federal government be allowed to freeze Texans to death in the name of controlling emissions from energy generation plants? It’s a classic example of politics over people. I guess if you want to make a “Green New Deal” omelet, you have to break a few eggs.
While Governor Abbott was quick to blame energy generators and even the state Electric Reliability Council of Texas, NBC News in Dallas reported that ERCOT “did not conduct any on-site inspections of the state’s power plants to see if they were ready for this winter season. Due to COVID-19 they conducted virtual tabletop exercises instead – but only with 16 percent of the state’s power generating facilities.”
Governor Abbott’s authoritarian Covid executive orders at least indirectly led to lax inspection, maintenance, and winterization of wind and other energy generation plants.
But Texas did not only freeze because of Abbott’s Covid restrictions. For the better part of a year thousands of businesses have been destroyed. Recovering drug addicts and alcoholics have relapsed. Depression and suicides have skyrocketed. Children have been deprived of education.
And for what? Texas with Abbott’s restrictions fared no better than Florida with no restrictions when it comes to Covid cases and deaths. The Texas governor knew that months ago when the data from Florida proved that lockdowns, masks, and other restrictions had no effect. But he refused to change course. He refused to follow the brave lead of Florida Governor Ron DeSantis and open Texas completely.
Politicians too stubborn or fearful to change course when facts dictate otherwise do not deserve to remain in office. Governors Gavin Newsom in California and Andrew Cuomo in New York are finally facing consequences for their Covid authoritarianism. When the smoke clears – and it is rapidly clearing – many more of these petty tyrants will fall. That list of deposed Covid tyrants may well include Texas Governor Greg Abbott – and the slumbering Texas state legislature – as well.
Let’s hope Texans – and all Americans – will learn from this and more forcefully demand their God-given liberty!
The rolling blackouts that plunged up to 15 million Texans into darkness amid a historic cold snap are diminishing by the end of the week. About 188k customers were without power in the state on Friday morning. Days after power prices jumped from $50 per Megawatt to more than $9,000, the horror stories pour in for those who had power this week during grid chaos as they are mind-boggled how their energy bills skyrocketed.