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Brutal winter storms in Texas have knocked out power for thousands, underscoring the need for large investments in U.S. infrastructure one industry insider thinks.
Former HUD Secretary Henry Cisneros joined Yahoo Finance Live to break down why what's happening in Texas is a prime example of why the government needs to invest more money into infrastructure.
To cover debt incurred due to high natural gas prices, utilities outside Texas have had to raise prices. Oklahoma Natural Gas is charging customers up to $7.80 per month for the next 25 years to securitize its costs of $1.4 billion during the crisis. [138] The natural gas industry reaped a windfall profit of $11 billion during the crisis. [22]
Trump's plan to 'drill. baby, drill' isn't likely to spark more oil production, lower gasoline prices, and help reverse inflation, analysts say.
As infrastructure construction costs have grown and vehicles have become more fuel efficient, the purchasing power of fixed-rate gas taxes has declined (i.e., the unchanged tax rate from 1993 provides less real money than it originally did, when adjusted for inflation). [19]
Brazos Wind Farm, Fluvanna, 2004. Texas has over 150 wind farms, which together have a total nameplate capacity of over 30,000 MW (as of 2020). [5] [6] If Texas were a country, it would rank fifth in the world: [5] The installed wind capacity in Texas exceeds installed wind capacity in all countries but China, the United States, Germany and India.
HOUSTON (Reuters) -About 1.5 million customers remained without power in Texas on Wednesday, two days after Hurricane Beryl raked the state, as progress to restore electricity was slow, hampering ...
Freeport LNG—also known as Freeport LNG Development, L.P. [1] —is a U.S. exporter of Liquified Natural Gas (LNG) located in Freeport, Texas. Freeport was an early entrant to the then emerging U.S. LNG market in the early 2000s, initially as a gas importer, and then pivoted to develop an LNG export terminal in the early 2010s after the US ...