For those wondering what the causes are of Texas blackouts, @JesseJenkins is doing a really good real time analysis of generator capacity and operation. (Short story: we have a natural gas problem in TX). A few additional thoughts to add:
1/ As Jesse notes, natural gas is somewhat unique in that it is both a power plant fuel and a home heating fuel. When cold weather comes, regulators bias in favor of heating rather than power generation.
2/ New England - a region that is both cold and has long been more reliant than others on natural gas for power generation - has had to grapple with this for a long time.
3/ In most of the country, the tightest times for power markets are during hot summer days when demand peaks to run all that AC. In New England, the tightest times are often cold winter days when supply gets constrained as the gas is redirected to heat
4/ Texas isn't used to planning for cold snaps, but they are gas-dependent on the power grid. So they are, in essence, acting like New England right now.
5/ So far, this is just what Jesse said but in more tweets. But there's also another factor at play that bears mention: reliability guidelines.
6/ If you are an electric distributor or provider with responsibility for a given electric control region, you are required to maintain exceptionally high reliability standards. Those include but are not limited to...
7/ ...making sure you can continue to meet demand if your largest single generator goes down and designing a system that provides electricity with 3 - 5 9s reliability (e.g., 99.9% - 99.999% online). See here for details: nerc.com/pa/Stand/Pages…
8/ But our gas grid has no equivalent standard. Nor for that matter does our coal delivery infrastructure. That means that as grids become increasingly reliant on natural gas supply, the gas supply infrastructure becomes the reliability bottleneck.
9/ Texas is particularly exposed to this because it is a stand-alone grid. (The US "grid" is really 3 grids: Eastern, Western and Texas. AKA, ERCOT.) energy.gov/oe/services/el…
10/ So while gas dependency + lower pipeline supply reliability standards have the potential to create problems everywhere, Texas' grid structure makes them uniquely vulnerable. The cold snap exposed that vulnerability.
11/ Anyway, that's all I got on this for now. But follow @JesseJenkins for continuing analysis on this week in TX. I definitely will! /fin
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I've been having a lot of conversations about deficits, fiscal and monetary policy right now & frustrated with how many basic facts about our economy are misrepresented. So for Valentines Day, a #nerdthread on our national finances. Hope you enjoy:
1/ First, prior to COVID, the biggest ever emergency funding program in our history was the American Recovery and Reinvestment Act, passed in response to the 2008 crisis. Just shy of $700B in emergency funding.
2/ (In 2008 $. I leave to other nerdier nerds to adjust these numbers for inflation.)
I'm obviously disappointed today. Disappointed in 43 Senators who found it easier to do what they knew was wrong than to embrace what is right. But before you get too down about partisanship in America, a bit of history is in order: (thread)
1/ The Senate voted 57 - 43 to convict. That didn't meet the 2/3 bar our founders set. Our founders had good reasons for setting the bar that high, but keep in mind - political parties did not exist at the time our founders wrote the Constitution.
2/ Since the Constitution was drafted, there have been 4 Presidential impeachments. In every instance, it was exceptionally hard for the party of the President to vote in favor of impeachment.
1. As I noted at the DuPage fairgrounds yesterday, we have to play the cards we have, not the cards we wish we had. My height and vertical leap means I won't ever dunk a basketball. The process of vaccine rollout to date has created similar near-term challenges.
2. Among those issues is the lack of any federal coordination during the prior administration. From PPE to ventilators to testing to vaccines, states had to compete with each other rather than work collaboratively to crush the virus.
MTG short take: values, morals, hopes and dreams that are universally shared by Americans across the political spectrum are only "partisan" in the sense that they are wholly rejected by majorities of the @HouseGOP.
That is cause for optimism insofar as the country is not nearly as polarized as it looks from within DC. But it's cause for great sadness for what it means about a once great political party.
The @GOP - a party that emerged to stop the spread of slavery, that gave our country the great gift of Abraham Lincoln - still has registered voters who are pro-decency, pro-equality, pro-science, pro-market, pro-truth.
This is worth the read. It is the natural result of the fact that a transition to clean energy is a huge labor productivity enhancer. (Eg, many more MWH per hour of labor.) That is good for the economy but will create temporary labor dislocations.
To be clear, there is a lot more in this story as well, and I wish we'd stop talking about highly technical jobs as an alternative to being a barista. It's an extremely patronizing view of the American worker.
But the core issue here derives from the fact that old, dirty energy sources are really OPERATING labor intensive. New clean sources require a surge in construction jobs but much less operating labor.
There are some really remarkable graphics in this article, but I have a pet peeve with this sentence: hcn.org/issues/53.2/in…
There is this narrative that coal is cheap, and would still be dominant but for falling natural gas prices and clean energy tax credits. That simply isn't true. Coal hasn't been cheap since the Clean Air Act was passed. It's been slowly dying for decades.
Coal is only cheap if we're willing to let it be dirty. Get rid of scrubbers, baghouses, stop caring about acid rain and asthma and you can build a cheap coal plant. We haven't tolerated that since the CAA. Thankfully.