Texas Bans Firms from Taking Natural Gas Out of State | Hacker News Reader

Texas Bans Firms from Taking Natural Gas Out of State

bloomberglaw.com

30 pointscwwc12 comments

I think this will quickly be struck down in court... I think this violates federal laws regarding interstate commerce. Sending gas to Northern Mexico is another question though... but that may also violate a trade agreement or something.

Is there a version of this for those of us mere mortals without Bloomberg accounts?

Northern Mexico relies on Texas for its natural gas generation, but due to deregulation or corruption they have insufficient reserves and are going through similar blackout practices.

Pemex was in terrible condition long before the opening up of the oil and gas market to competition.

I expect that this event will change nothing long term, it is Mexico after all.

If anyone is interested is how things look from the Mexican side, in English:

https://mexiconewsdaily.com/news/natural-gas-shortage-trigge...

https://mexiconewsdaily.com/news/blackouts-extended-to-29-st...

Deregulation? It's a state owned electrical monopoly, could you explain why you think the Mexican energy market is deregulated?

Why would any of them do that right now anyway? The prices have never been this high

Sometimes, politicians need to look busy; often during or just after a big fuck up.

This was my thought too. The entire leadership of Texas is under a massive PR crisis, so they pass a bill that accomplishes nothing in practice but sounds really good and tough.

I assume they'll eventually blame ERCOT for the mess, pass some reform measures, and the situation will return to the status quo. For the powers involved in the matter, the lack of regulatory rigor is a feature, not a bug.

I'm always happy to be proven wrong, though.

Gas is basically an auction. Banning out-of-state bidders decreases the price in-state bidders have to pay.

Two possibilities: 1) Other states are cold and also in need of natural gas and willing to pay more at this critical time 2) Longstanding client relationships and/or contracts

It seems to have been a hard paywall for me, but this might be the same story: https://www.bloombergquint.com/business/texas-bans-natural-g...

Reply on news.ycombinator.com