Deregulation is the cause for power failure
mardi 23 février 2021 à 01:00Ideologically imposed Republican deregulation is the cause of Texas's power failure and the cause of the bankruptcies caused by gouging on natural gas.
Some Texans have been bankrupted by the thousands of dollars that the gas companies charged while their electricity was out. Republicans now aim to use them as hostages to protect the windfall profits for the future. They want the federal government to ransom the hostages by paying what pay the utility gouging.
It is good to rescue the hostages, but what will happen next time there is a global heating disaster or a natural disaster in Texas? Should the utilities be able to gouge again, and the federal government ransom their hostages again? We must not throw our money down the toilet from which utilities feed.
The deal to ransom the hostages this time must include regulating utility prices in Texas so that,next time, the utilities can't gouge again.
Paying ransom for hostages to the enemies of the American people was Reagan's policy. It must not be ours today.