“They signed a contract.”
They did, but I wonder about the responsibility of the various regulatory agencies in restraining the market from producing the necessary GW.
Some may not know, but we have several largw Gulf Coast refineries shut down as a result of natural gas shortages. ExxonMobil Baytown is down. Beaumont is down. Motiva Port Arthur is down. Marathon Galveston Bay is down. The situation is shocking to be honest.
Thanks for posting. The list of who is open might have been shorter. Was it the storm that caused this?
They did, but I wonder about the responsibility of the various regulatory agencies in restraining the market from producing the necessary GW.
Some may not know, but we have several large Gulf Coast refineries shut down as a result of natural gas shortages. ExxonMobil Baytown is down. Beaumont is down. Motiva Port Arthur is down. Marathon Galveston Bay is down. The situation is shocking to be honest.
There are reasonable limitations to such open ended contracts. For example: I'm salaried exempt labor category - expected to put in some extra hours if the situation warrants, without overtime pay. That does not mean I'm worked 24/7/365 and can't even take a lunch break and get no extra payment until I die or quit.
Why not allow credit card companies charge you 30,000% interest compounded every minute like these power company charges are?