this post was submitted on 09 Oct 2024

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Lawsuits allege deadly 2021 Texas blackouts were an inside job (thehill.com)

submitted 1 month ago* (last edited 1 month ago) by HootinNHollerin@lemmy.world to c/texas@lemmy.world

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

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[–] some_guy@lemmy.sdf.org 10 points 1 month ago (1 children)

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 points 1 month ago

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