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bruce bowser bruce bowser is offline
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Default 'Ted Fled' Movement Begins

On Wednesday, February 24, 2021 at 8:01:58 PM UTC-5, Ed Pawlowski wrote:
> On 2/24/2021 11:10 AM, Cindy Hamilton wrote:
> > On Wednesday, February 24, 2021 at 10:28:08 AM UTC-5, Taxed and Spent wrote:
> >> On 2/24/2021 6:58 AM, Cindy Hamilton wrote:
> >>> On Wednesday, February 24, 2021 at 9:24:30 AM UTC-5, Dave Smith wrote:
> >>>> On 2021-02-24 4:27 a.m., Cindy Hamilton wrote:
> >>>>> On Tuesday, February 23, 2021 at 5:16:23 PM UTC-5, bruce bowser wrote:
> >>>>
> >>>>>>> Not where they believe in a "just-in-time, maximise profit" philosophy.
> >>>>>> The heirs and heiresses in the oil industry in all 49 US states and in Canada winterized their oil and gas operations. Why didn't those in Texas?
> >>>>>
> >>>>> Because the government in Texas did not require them to. Deregulation
> >>>>> was seen as a positive, bringing lower prices to energy consumers there.
> >>>>>
> >>>>>
> >>>> Of course it would be better for the consumers. The competition of the
> >>>> free market would be more efficient, provide more options to customers
> >>>> and reduce costs. It was a great idea, just like the trickle down economy,
> >>>
> >>> Ah, the tinkle down economy.
> >>>
> >>>> Now promise me you will hold onto that football Lucy.
> >>>
> >>> I assume you've read about the $17,000 electricity bills for Texans who
> >>> managed to use a little electricity during the debacle?
> >>>
> >>> Cindy Hamilton
> >>>
> >> That Texan had his choice of a term contract at a fixed rate, or a
> >> market rate contract. He rolled the dice and lost. Until the state
> >> bails him out.

> >
> > Yes, he did. He probably didn't understand that the wholesale price
> > could spike by 10,000% in a single day. Many people sign contracts
> > they don't understand.
> >
> > That reminds me: I should send a nice letter to the commission that
> > regulates electricity prices in Michigan.
> >
> > Cindy Hamilton

>
> They should have had a cap or not sign. Doubt anyone expected those
> prices. Passing on legitimate fluctuation is expected but this is
> gouging by the gas suppliers from what I've read.


Deregulation means regulations disappear. Which means proper equipment is no longer regulated. Am I wrong? Which means barriers to price gouging disappear. Am I wrong?