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Happened but what we do know is when you have an overreliance on green policies whether it's tax credits or subsidies that go into wind and solar which by the way we'll need all the above energy as demand rises in the next 15 years on population on the planet adds another billion people we'll need it all. we'll have more demand than we've ever had but we need free market competition. oil and gas industry is the lifeblood of this country and while this is a once in a generation storm here in texas, throughout the rest of america it is not so uncommon. so when the government forces bad policy an...

Council of texas, bill magnus with us. thanks for taking the time. what has gone wrong? >> the historic storm that we saw come through over the last weekend created a very bad situation on the electric grid. you know, neil, when it comes down to it, the management of an electric grid has to do with keeping supply and demand in balance. the physics of the grid dictate supply and demand cannot be far out of balance. if it is, you can have catastrophic blackouts like we saw on a the east coast in 2003, the can cascade through a large area. it drove demand we have ever seen before in the cold seas...

Making 9,000 dollar a megawatt which is what they are doing now. the entire structure is perverse to the goal of electric reliability across texas. we're going to have to find a way to keep the generators available, keep them on the bench and ready to respond to cold weather or hurricanes. they're just not getting revenue except when august, september is when the whole fleet is deployed. the rest of the year, maybe 20 percent, 30% of the fleet doesn't fire up. flst there's no reason for them to spend a lot of money. think about your car, tires, isle, keeping it in shape to go. >> are there sma...

Online spinning, able to quickly amp up their supply so that people can get that extra power that's needed. that tends to come from things like natural gas plants, coal plants that can fire up quickly. as we move as a country to largely renewable sources so that we can zero out emissions from our power sector as the biden administration has committed the u.s. to do by 2035, we are going to need to make sure we have other ways to surplus power into the system from green sources when we need it most. a lot of that is going to have do with amp up the ability to have massive batteries that can act...

Car, nobody was seriously hurt. if the same cannot be said for the devastating winter core nato and it north carolina which killed three people in brunswick county. >> it will be a long-term recovery. we have a lot of damage in that area. >> as a second round of storms promises to pack another punch, anger and texas is mounting. the state has its own power grid which is powered largely by natural gas and wind, with some wind turbines now frozen. texas governor greg abbott is calling for state legislature to investigate the entity that runs the texas power grade to see if any reform it needs to...