c/texas · by HootinNHollerin@lemmy.world · 1y

Lawsuits allege deadly 2021 Texas blackouts were an inside job

https://thehill.com/regulation/court-battles/4896585-texas-gas-manipulation-lawsuit-uri/

Alleged that gas companies created artificial shortage days before storm to boost demand and then charge elevated rates, which then caused blackouts

45 points · 4 comments · view on lemmy.world

4 Comments

some_guy@lemmy.sdf.org · 10 pts · 1y (1 reply)

Those companies, plaintiff’s lawyer Andrew Gould argued on Monday, “diverted natural gas before winter, to create artificial scarcity — thus driving up the price.”

This would be hilarious if true. Capitalism strikes again.

InternetCitizen2@lemmy.world · 2 pts · 1y

I'd like to see the clowns at r/austrian_economics spin it.

Poach@lemmy.world · 5 pts · 1y

Ah yes, the private market working as intended.

sanae@lemmy.world · 3 pts · 1y

enron 2 electric boogaloo