A cold snap recently left millions in Texas in the freezing dark. Max Keiser talks with Tyson Slocum, director of Public Citizen’s energy program, to understand who’s to blame for the massive power outage.
He added that allowing market players to serve households resulted in “predatory” practices. This was seen during the latest winter storm, when electricity providers charged $ 9,000 per megawatt hour, instead of the normal, average price of $ 20 per megawatt hour, according to him.
“We’ve turned essential services into a casino, where a couple of aggressive financial and energy companies are able to exploit these types of situations and make an enormous amount of money,” Slocum said.
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