Fuck Texas oil billionaires and ERCOT. Not one dime of taxpayer money to pay energy "bills".

[Augiedog]

These asshats need to go to prison instead of glorying in having “hit the jackpot” on energy prices they can and did charge Texans. These dirtbags should be in the streets begging for mercy and and offering to sell all of their personal property to pay for the damage they have done to Texans.

These assholes just ran the biggest scam in American history on the Texan people and think they did a good thing. This is what you get when you let republicans run stuff. EVERYTHING republicans touch turns to shit...EVERYTHING!

Don’t let them get away with this ....$17,000 for a few days of electricity? How many people died from their intentional negligence? 50? 100? Nobody knows yet. They have turned Texas into a fourth world country in the ongoing effort to strip all texans of as much cash as possible, regardless of the death toll or human pain they cause.

Fuck them, just fucking fuck them.

[CurtEastPoint]

1. Everywhere else price gouging laws kick in when this shit happens at Home Depot (generators, etc.)

and other stores jacking prices up to criminal levels.

[SheltieLover]

2. Exactly whatI've been thinking

Taxpayer money to further enrich them? No.

[Fullduplexxx]

6. That there smells alot like gubment regulations . Texans dont cotton to no gubment regalations

[Fullduplexxx]

3. It wasnt a scam it's adjustable rate vs fixed rate . These people gambled and lost

[thucythucy]

11. In which case you agree that the federal government--

meaning the taxpayers in other states--shouldn't bail them out?

[Turin_C3PO]

18. No one would expect that kind of bill.

I’m sure many knew they would have to pay higher prices at times, as per the agreement, but no one should be stuck with a $16,000 bill. I hope these people get relief.

[Fullduplexxx]

19. Adjustable to me means no upper limit

[questionseverything]

20. Of course it's a scam

Last edited Tue Feb 23, 2021, 03:19 PM - Edit history (1)

After all when the adjustable rate deal was offered did the electric company say, “we will deliberately not harden the grid so it will fail and then charge ten thousand times as much for power because it is so scarce “

Because that is what happened

You can’t fault regular people for not realizing how evil some 1 per centers can be

[rampartc]

4. i agree. not one dime.

if this is how "free markets" work i'd rather be a socialist.

a reasonable solution would be to freeze shut offs and automatic payments until the prices can be investigated and adjusted to something closer to reality.

[Celerity]

22. There is no such thing as a "free" market in electricity. Electricity isn't a bagel. You can't skip

it in the morning when the price goes berserk nor shop at another electricity store. The alternative to blackouts and price gouging is Democracy. Regulation is merely the enforcement of publicly voted rules to protect the public from economic overlords.

https://www.democraticunderground.com/100215138350

[Johnny2X2X]

5. Yes!

They'll sell it like a bailout of homeowners, but it's a bailout of the energy companies. This was price gauging, the energy companies should eat the losses, not the homeowners or the taxpayers.

[RicROC]

7. ANY Federal help to TX..

must include that they MUST upgrade their utility facilities/ suppliers

AND MUST join with the National Grid network

[Mariana]

13. And they should do it at THEIR expense.

No way should the federal government pay for the upgrades.

[RicROC]

14. YUP!

[theneworiginal]

15. You can't have it both ways. Either u are independent and privatized or ur not.

Either ur against socialized government programs or ur not.

In either case, u reap what u sow.

[GoCubsGo]

16. Yep. It needs to be qualified.

No FEDERAL tax dollars. If they want to use state monies, fine. Maybe that will wake up the people of Texas to stop installing these criminals in their government. And, my condolences to those who haven't been, as there are plenty of those, too.

[Fullduplexxx]

8. Texans show us how to pull ourselves up by our bootstraps without handouts

[speak easy]

9. Read up on Griddy Energy. Customers were warned.

Texans with astronomical power bills were gambling on the spot market.

https://www.democraticunderground.com/100215140745

[UpInArms]

10. CFO at Jerry Jones' gas company on rising prices due to Texas freeze: 'Like hitting the jackpot'

While millions in Texas are without power due to a deadly winter storm that has brought record low temperatures to the state, the chief financial officer at Jerry Jones' natural gas company can only think about money.

Roland Burns, CFO at Comstock Resources Inc., reportedly bragged that the week has been "like hitting the jackpot," according to the Dallas Morning News.

“This week is like hitting the jackpot with some of these incredible prices,” Burns said. “Frankly, we were able to sell at super premium prices for a material amount of production.”

The storms caused gas production to drop to a four-year low, causing a surge in natural gas prices. Comstock was able to sell gas from its Haynesville Shale wells Thursday, taking advantage of the shortage.

Jones initially made his money in oil investments in the 1970s, allowing him to buy the Dallas Cowboys in 1989. Jones invested heavily in Comstock in 2018, becoming the company's controlling shareholder.

https://www.aol.com/cfo-jerry-jones-gas-company-235448219.html?guccounter=1&guce_referrer=aHR0cHM6Ly9yLnNlYXJjaC55YWhvby5jb20vX3lsdD1Bd3I5SmhjSW55NWc1VWdBNWpOeC45dzQ7X3lsdT1ZMjlzYndObmNURUVjRzl6QXpFRWRuUnBaQU1FYzJWakEzTmovUlY9Mi9SRT0xNjEzNjk2OTA0L1JPPTEwL1JVPWh0dHBzJTNhJTJmJTJmd3d3LmFvbC5jb20lMmZjZm8tamVycnktam9uZXMtZ2FzLWNvbXBhbnktMjM1NDQ4MjE5Lmh0bWwvUks9Mi9SUz1VdVhLYXdHQy54OXZhbjdKekpTOUFvNTdINEEt&guce_referrer_sig=AQAAABPnWi5dDoTEbJ5jvIl5AlTlCLJ8pEwwa4jT2NFbgyWxw8_rESR07LDHMdn6wGY4pQ4mjnFMuPqJE7bcG4vPX77upz_TWYYUjUhK69GI0QJpdwgk8cEMv6Duz8rRnWS5U7H25T2YnBWb1lkLHvUTrWMYG61zn1TWmAD-qaNdMhW0

[gibraltar72]

12. My feelings also.

Sick of Capitalism begging for socialism to bail them out. Texans should learn elections have consequences. Texans also should learn how vulnerable they are to a whole bunch of other predators.

[lame54]

17. On the count if three...

Forgive Texas energy bills
And
All student loans

[eleny]

21. ERCOT's tax breaks could cover it

On top of those tax breaks now they want us to subsidize them even more.

I'm always pissed off over the Oil Depletion Allowance. Dirty bastards with thier long rakes reaching into our pockets. And now this with ERCOT.

[moondust]

23. Houston mayor Turner warned in 2011.

After the 2011 mess he was a state representative and actually filed legislation to prevent blackouts.

~
In 2011, Turner filed a bill requiring the Electric Reliability Council of Texas to have adequate reserve power in order to prevent blackout conditions.

That bill did not get a hearing.
~
https://www.houstonpublicmedia.org/articles/news/politics/2021/02/19/391857/dust-off-my-bill-turner-tells-lawmakers-to-reconsider-ercot-legislation-he-filed-in-2011/