DOE also has jurisdiction. Plants with three boilers are not allowed to operate more than two of them. Permission to operate a third was essentially denied.
Odd. I shut off water to my getaway property in the desert when Iâm not there and to my main property if Iâm going to be gone more than two days. Iâve never had a problem when I turn it back on. Also had mains shut off by water utilities for water system maintenance. No problem there either when pressure as restored. Just a little slamming if I donât open a faucet before restoring pressure. Maybe in parts of Houston they havenât flushed the system in ages.
Approval wasnât until there were already blackouts.
If a pipe broke anywhere, dirt may have come in.
Or just sediments from years without flushing.
After such repairs, it is best to have the hose bib next to the water main entrance open BEFORE water is turned back on. That way all sediments flush out through the hose bib.
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Funny how Bush caught heck for Katrina even though most of the problems were at the local level. Extra Amtrac trains had been brought in to help evacuate people but most left empty.
Here we have a situation where the risk was known for days ahead of time and the Feds appear to have done absolutely nothing to prepare.
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Come on. Texas should have winterized their grid years ago.
it is not only grid and utilities that not prepared for this event but Oil/Gas firms also.
on top of that reliability of US as gas exporter globally.
This is a once or twice in a century event. Whatâs the cost/benefit?
How many Californians buy earthquake insurance?
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Been happening every 10 years. Last happened in 2011 with the last polar vortex and Texas was asked to weatherize their grid which was promptly ignored. Btw there has been multiple articles since January forecasting the collapse of the polar vortex and the upcoming storm since January. Some of the texas city mayors starting warning the residents 2 days before the event of the upcoming storm.
This was a predicted event, the fallout was pretty much predicted. I am somehow not surprised that the Texas state government is acting all shocked as there is a significant anti-science/anti-fact bias among republican politicians
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This cold weather was known from December thats why Saudis could afford 3 times projects with Russia and Russia sales 50% boosted to Europe in January and that not even including LNG and private firms.
you dont increase 50% exports without knowing ahead of time.
Up about 20% since Bidenâsâ election. There are leveraged options for serious bulls.
what happened in summer of 2008 can be repeated that led to stock collapse in later in year. this story is not going away. No amount of Cobalt/Lithium/Nickle can solve it.
California wants a 1% annual tax on wealth over $15M and 1.5% on wealth over $1B. Thereâs literally zero discussion of all the wasteful spending. The only solution is more taxes, so they can spend even more.
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The state doesnât realize that rich people can easily establish residency out of state and avoid this tax.
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Annual 1% wealth tax is $1Million yearly if someone has $100M networth.
Annual 1.5% wealth tax is $16.5 Million yearly if someone has $1.1B networth.
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More than that it will drive money out of the public sphere and into things like artwork and gold - wealth storage the old fashioned way. You canât measure what isnât recorded somewhere. Wealth stored outside the banking system doesnât circulate and isnât available to finance growth. This is why wealth taxes are so rare - even in socialist countries.
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I am going to store my wealth in wine
This is basically open season as the money is just sitting there waiting to be claimed. If California sets up a wealth tax (and it will happen as nothing is stopping it), there is no way the federal government will just sit and watch the Great State of California take that tax money without âgetting its fair shareâ. So there is going to be a wealth tax at the federal level. I donât know whatâs going to happen afterwards. Wealth tax at both the federal and state level is probably too much. I am interested to see whether these progressive billionaires are true to their progressive nature and choose to enrich the government at their own expense.
This will probably mark the real beginning of the remote working future as the bosses themselves are going to flee the state.
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Come to Austin 
I will show you the neighborhood where it escapes typhoons, storms, flood, ⌠no rotating blackouts and no burst pipes.