The drought in Texas is turning into a heatwave this weekend with temperatures in the high 90s and even reaching 100 expected in some parts. The power grid manager says power demand could be higher than expected for this time of year. And yes, that’s the same power grind manager that got hammered in the 2021 winter storm.
This news does not bode well for Texas crops or natural gas prices.
Published 5/5/2022. Read full article.