Re:The Texas power outage is a nation-wide problem
by Spooky23 on Thursday February 18, 2021 @11:15PM
(#26189629)
Oil = bad is too simplistic.
There are a few industry stakeholders... energy producers, petroleum, energy infrastructure, etc. Each has different drivers and motivations. One of the issues with all of these businesses is that maximizing return in capital investment is about cost control, and the interests of the operators of power plants and electric infrastructure don’t always align.
Scenarios where you cannot burn gas do not benefit gas drillers. But gas drillers have nothing to due with reducing capital spending that makes infrastructure resilient to unlikely/infrequent risks. That’s all about pipeline and utility operators, who want to keep that dividend rolling.
There are a few industry stakeholders... energy producers, petroleum, energy infrastructure, etc. Each has different drivers and motivations. One of the issues with all of these businesses is that maximizing return in capital investment is about cost control, and the interests of the operators of power plants and electric infrastructure don’t always align.
Scenarios where you cannot burn gas do not benefit gas drillers. But gas drillers have nothing to due with reducing capital spending that makes infrastructure resilient to unlikely/infrequent risks. That’s all about pipeline and utility operators, who want to keep that dividend rolling.