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Cato Podcast

Some Initial Thoughts on Why Texans Froze

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 4 March 2021

⏱️ 16 minutes

🧾️ Download transcript

Summary

Texans are still dealing with the aftermath of that recent deep freeze. Peter Van Doren breaks down the relevant facts and provides some early economic analysis.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Thursday, March 4, 2021.

0:05.0

I'm Caleb Brown.

0:07.0

Cold weather and a unique electrical grid left dozens of people dead and millions of

0:11.4

Texans without power, even as people were trying to figure out

0:14.6

how to meet their basic human needs, the ideological fights began with blame leveled at both

0:20.3

the failure of alternative energy and state-level deregulation.

0:25.0

Both stories have problems, according to Peter Van Doren, editor of Regulation magazine.

0:30.0

When I looked at a map of the various electrical grids in the United States, there was a big

0:39.0

hunk that just was Texas. What is the relevance of that fact to our discussion about these massive blackouts

0:49.9

with fatal consequences in Texas in recent weeks.

0:56.4

Some commentators think it has a lot to do with what happened.

0:59.8

I have questions, but I'm less sure that that has a lot to do with what happened but for our listeners

1:06.8

There are three alternating current

1:10.5

Interconnected transmission systems in the United States.

1:14.0

There's the Western Interconnection, West of the Rockies, the Eastern Interconnection, East of the Rockies,

1:19.2

and then there's Texas.

1:21.2

Texas does not have alternating current links with any other transmission systems in the United States.

1:27.0

It has a limited direct current links, but those are not that useful.

1:33.6

So the question is, would ability to transmit power

1:38.4

from neighboring states, also,

1:41.4

many of whom were cold during this blackout in Texas, did they have, did those

1:47.2

neighboring states have reserve capacity that was underutilized, which if it

...

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