Is leftist scum is happy about the electric power generating plants they shut down?

[murdock]

It's not a leftist plot. Insurance companies don't want to insure them anymore, in great part because the traditional global reinsurers will no longer touch them, which would leave insurers retaining too much risk. If you can't insure them, then the operator runs the risk of bankruptcy if there is a major loss. Additionally, investment banking will no longer advance loans for the construction of new coal plants. The insurance and banking industries are very conservative. I have to assume that Texas doesn't want to finance and underwrite them with taxpayer money, so as the old plants are decommissioned, no new ones will take their place.

Never mentioned the word plot, I said scum democrats. And IMO, you have no idea what happened.

[Dr. Who]

What will insurers cover if their policies cause massive damage by limiting energy?

All of the other less damaging forms of energy and if governments don't invest in those forms of energy and massive damage results, insurance rates will go up for everyone, including homeowners.

[Dr. Who]

Never mentioned the word plot, I said scum democrats. And IMO, you have no idea what happened.

I just posted links regarding the insurance and banking exodus from coal.

[carolina73]

The only reason for this is government policy created by liberals. They have intentionally tried to destroy the coal industry using the power of government. You are merely describing some of the second order effects of that policy as if they existed in a vacuum.

Fact is, if liberals get their way, the comfortable middle class lifestyle that westerners have come to enjoy over centuries of hard work will be replaced by a modern system of serfdom.

No. Coal miners can learn to code. LOL

[The Booman]

Democrats are so stupid. When will these halfwits realize forcing fossil fuel companies out of business and banning fossil fuels will not accelerate the viability of alternative energies...

[Chris]

And now a third analysis of the problem: The Failure Of The Texas Power Grid Is Worse Than You Think

...Yes, some coal plants closed because of freezing temperatures and some natural gas pipelines froze. But as Jason Isaac of the Texas Public Policy Foundation explains in our pages today, the main problem with the Texas power grid isn’t that renewables failed or that fossil fuels failed. It’s that the grid itself has been made unstable by state and federal subsidies that distort the energy market and prevent the buildup of reliable power generation.

...For example, goosing the wind and solar industries with billions in tax credits in a state that produces almost a third of America’s fossil fuel energy was perhaps unwise and imprudent. In hindsight, it looks like cronyism. So do the subsidies for fossil fuels, even if they are not as extravagant as subsidies for renewables. Maybe all of that was a bad idea from the beginning, and maybe it’s time to cut it out.

Hardship like what Texas is going through right now can bring clarity. And in the teeth of this winter storm, the entire energy industry, with its high-powered lobbyists and its billions in taxpayer subsidies, is beginning to look like every other elite institution in America: a corrupt and parasitic enterprise whose failures come at the expense of ordinary Americans—in this case, people who are now trying to stay alive in their own homes.

[carolina73]

I just posted links regarding the insurance and banking exodus from coal.

Better yet. Tort reform. Your costs of everything, especially health care will drop rapidly.

[stjames1_53]

All of the other less damaging forms of energy and if governments don't invest in those forms of energy and massive damage results, insurance rates will go up for everyone, including homeowners.

So, lets just burn down what we have and THEN find a replacement...............
And what massive "damage" will cause the rise of rates?

[gamewell45]

https://www.houstonchronicle.com/bus...s-15708417.php

https://www.texaselectricityratings....ant-shut-2020/

https://www.chron.com/business/energ...t-14068060.php

These plants used coal. Do the leftists have any idea how stupid they are?

Texan's could benefit if republican legislators changed their viewpoints. I see where Ex-Governor Perry--a Republican--suggests that making sacrifices and going without power is a small price to pay in order to keep out federal regulators from the state:



"WASHINGTON - Former Texas governor Rick Perry suggests that going days without power is a sacrifice Texans should be willing to make if it means keeping federal regulators out of the state’s power grid.
In a blog posted on House Minority Leader Kevin McCarthy's website, Perry is quoted responding to the claim that “those watching on the left may see the situation in Texas as an opportunity to expand their top-down, radical proposals.”
More in the link.

https://www.houstonchronicle.com/bus...o-15956705.php

You should be directing your frustration and anger at the republicans in Texas who have pushed these dumb ideas that people should be willing to suffer in order to keep the feds out.

[stjames1_53]

And now a third analysis of the problem: The Failure Of The Texas Power Grid Is Worse Than You Think

Same thing happened with the levies in N'awlins. The money that was supposed to go into improving the levies and reinforcing the older ones, was spent on parties and lobbying. What little work was done was substandard.