Texas’ energy pipelines are creating an unfair market | Opinion
Energy pipelines waiting to be installed. When the lights went out across Texas last year, a lot of people and businesses lost money. But one group of companies profited: pipelines.
The Texas Legislature must shine a light on this corner of the energy industry and impose law and order on the Wild West of pipelines. We might say: tough luck, that’s how capitalism works. Except in Texas, oil and gas pipelines are not exactly a free market. As theexplained in a recent article, the lack of regulation of intrastate pipelines results in some companies enjoying monopolies in certain regions.
But Texas intrastate pipelines have only safety regulations. Pipeline owners may buy and sell oil and gas, too, and there’s no requirement for transparent pricing. So if, for example, a natural gas-fired power plant gets its fuel from a single pipeline, the plant has little ability to negotiate prices.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texans largely support Abbott’s border policies but split on Texas-Mexico wall, poll showsTexans back many things Gov. Greg Abbott is doing to halt a migrant influx at the U.S.-Mexico border, but support for his state-built wall has ebbed,...
Read more »
Texas trophy: Man hooks 300-pound alligator gar outside Houston'When I saw the size of his head, I realized he might be pushing 8 feet,' angler Payton Moore says
Read more »
Authorities offering $50K reward after Gonzalo Lopez, Texas convicted murderer, escapesThere was a TDCJ inmate escape last week. Gonzalo Lopez stole a transport bus and crashed it near Centerville, TX.
Read more »
Refugees in Texas: Which countries do they come from?Texas has resettled the most refugees in the last decade than the rest of the country, taking in more than 60,000 men, women and children.
Read more »
Texas poll: What residents say about Abbott, O’Rourke, the border, abortion, marijuanaA new poll asks registered voters about a number of topics, including Texas Gov. Greg Abbott and his border policies and whether they'd vote for him or Beto O’R...
Read more »
Opinion: Texas politicians’ Big Lies have weakened faith in our democracy'Texas politicians have been at the forefront of weakening Americans’ faith in our democracy by pushing the lie that there is widespread voter fraud despite all evidence to the contrary,' a reader writes.
Read more »