“’We fundamentally have to transform our economy in ways that are unimaginable to people who are over 40,’ Tomlinson said. ‘We have to cooperate, innovate and compromise, and most of all, we have to set aside our pride.’”
“[Tomlinson] said there is an unwillingness of pastors of all faiths to address climate change, knowing that many of their parishioners are involved in or invested in oil and gas.”
The Houston Chronicle business editorialist, Chris Tomlinson, is angry, impatient, and closed-minded when it comes to all things climate. A bona fide climate alarmist, he bullies the oil and gas industry to stop what they are doing. He wants Texans to stop eating meat to help save the planet. And he personally tells me in emails that I am not considered for his columns because I am critical about him (so be it).…
“Are RTOs central planning entities subject to the Mises/Hayek/Lavoie critique of access, pricing, and service quality? Is the ‘knowledge problem’ and ‘fatal conceit’ a defining issue for RTOs/ISOs compared to a private sector, unregulated approach to power coordination?”
“Vernon Smith: I don’t know”
It is a strange world in which a classical liberal espousing F. A. Hayek tries to justify a “market” based on a systemic violation of property rights and governmental central planning for an enormous territorial grid.
But this is the case with Lynne Kiesling, and maybe even Nobel Laureate Vernon Smith. I’ll let the reader decide from this social media exchange:
Kiesling: I’m pleased to report a new publication in the journal Energies, “Opening Up Transactive Systems: Introducing TESS and Specification in a Field Deployment,” available to read below.…
Who should manage and be accountable for electricity in Texas? Politicians and bureaucrats with special interests everywhere? Or corporations with their own capital on the line?
In light of the second anniversary of the Texas Power Crisis of February 2021 (see yesterday), the answer would seem obvious. Grade A corporations, with the legal responsibility to customers, not politicians.
I was reminded of this when I read a Fox News story (February 7, 2023), “Texas State Senator Arrested for Drunk Driving.” Charles Schwertner, a Republican, “was set to preside over a Senate committee meeting at 11 a.m. regarding Texas’ power grid and recent winter outages.”
Another news account stated:
…Schwertner, who leads the Senate’s Business and Commerce Committee, was expected at the Capitol at 11 a.m.