WTF is up with the power being out in Texas? Something fishy is going on down there. Wife was supposed to travel to the F150 plant in KC yesterday, but they knew on Friday that they were going to be shutting down this week. They also knew that it was going to be because of the availability of natural gas at an affordable price. Bloomberg reported that the price is up 100 times the normal for natural gas right now.
This sounds like another Enron situation to me. Someone out there owns all the natural gas futures and is hiking the price. In response, the electricity producers are shutting down with rolling blackouts because they can't afford the gas to keep the grid running. As improbable as it sounds - that is exactly what happened when Enron was hoarding electricity in California that caused rolling blackouts 20 years ago. Something is fishy is all I am saying.
-Geoff