FILE PHOTO: A man crosses Main Street in downtown during record-breaking temperatures in Houston, U.S., February 17, 2021. REUTERS/Adrees Latif/File Photo
Failure to winterise generating units to ensure they would operate during extreme low temperatures has already been identified as one of the leading sources of the power failure. The Texas grid should have had an operational plan to remain reliable with the low temperatures recorded last week. In normal conditions running a bank, taking deposits and making loans, is straightforward and highly profitable, requiring only a moderate level of professional skill.
Prudently managed banks are those that survive through multiple downturns without failing or requiring a taxpayer bailout. Transmission lines become overloaded, instruments fail, cooling water systems are unable to operate effectively, and fuel supplies prove inadequate. Temperatures have only fallen this low at Boerne on 12 occasions since 1904, a frequency of roughly once every 10 years; the last times temperatures were this low were in December 1989, March 1988 and February 1985.
Extremely cold weather is not uncommon in central Texas – even if it rarely becomes quite as cold as it did last week.
Union with Mexico is the future!
There is a typo in the headline. It should read: “Texas blackouts expose planned failure”. They chose not to make the needed investment while being fully aware of what the consequences would be.
You can only obey GOD'S Word by taking up your Cross and Crucifying the flesh. 자신의 십자가를 지고 육을 못 박아야만이 하나님의 말씀에 순종할 수 있습니다. MidweekHolySermon
Texas is giving capitalism a bad name!
Texas deregulation Privatize the profits, socialize the losses.
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