The genie is out of the Strait. Other nations may can play and potentially impact the midterm elections.
forbes.com/sites/edhirs/2026…
Why hasn’t the U.S. blocked Iran from the Strait of Hormuz?
Iran is exacting an economic toll on noncombatants, and the U.S. is not only letting Iran’s exports reach the market but helping Iran with the release of sanctions—all at the expense of Saudi Arabia, Kuwait, UAE, Bahrain, Qatar.
Edward Hirs retweeted
#Gas & #Oil supply disruptions push prices higher as the #StraitOfHormuz shuts amid rising #WestAsia tensions.
OMCs, petrochemicals, paints and airlines are among the worst hit.
@sonalbhutra
Today is the 10th anniversary of @Cheniere shipping the first U.S. LNG export cargo. It is an example of a market growing because the guarantee of sufficient LNG allowed consumers to build the infrastructure necessary to use LNG. Supply created its own demand. forbes.com/sites/edhirs/2026…
Oil execs are meeting at the White House to talk Venezuela. It's a trap. | Opinion houstonchronicle.com/opinion… via @houstonchron
Edward Hirs retweeted
The oil price required to balance the Saudi budget is irrelevant to the oil market. It's a fabricated concept. Evidence is plentiful. End of story.
Free markets require transparency. Failing to disclose the cryptocurrency miner data puts all participants in the dark.
@PUCTX @ERCOT_ISO @KenPaxtonTX @quorumreport @fox7austin
san.com/cc/exclusive-san-rep…
Texas loses to Pennsylvania on $92 billion of electricity intensive investments. Ouch. @TexasTribune @quorumreport @Yallitics
For more than 25 years, the Texas Legislature has done nothing to address @ERCOT_ISO’s fatal design flaw. @KHOU @HoustonChron @SpectrumNews1TX @fox7austin @statesman @FERC
forbes.com/sites/edhirs/2025…
A few comments on the tariffs—houstonchronicle.com/news/ho… @HoustonChron @KHOU @UHouston @UH_News @YaleEconomics @YaleSOM
The average age of the coal power plants is 55 years, and the average age of the natural gas power plants more than 30 years. Sure seems to be granny’s vintage. @ERCOT_ISO
At @OPUCTX annual meeting in Texas Capitol. @ERCOT_ISO chair Flores ‘this ain’t your granny’s grid.’
Maybe some parts aren’t 🤔 #txlege
news.bloomberglaw.com/antitr…
@TXAG Paxton’s lawsuit will fail.
The breakeven on switching from coal to natural gas for power companies that can switch is a natural gas price of $4.00/mcf. Because the price of natural gas has been less than $4.00/mcf consistently (apart from the brief blip when Russia invaded Ukraine) power companies are naturally buying less coal because they cannot compete against cheaper natural gas. And, because more coal power plants have retired, less coal is being purchased domestically.
The driver of high electricity prices in @ERCOT_ISO is the poor market design, not coal prices.
@uhoustonenergy @KHOU @HoustonChron #txlege @economics @bloomberglaw @chrishelman @DanielDFisher
news.bloomberglaw.com/antitr…
@TXAG Paxton’s lawsuit will fail.
The breakeven on switching from coal to natural gas for power companies that can switch is a natural gas price of $4.00/mcf. Because the price of natural gas has been less than $4.00/mcf consistently (apart from the brief blip when Russia invaded Ukraine) power companies are naturally buying less coal because they cannot compete against cheaper natural gas. And, because more coal power plants have retired, less coal is being purchased domestically.
The driver of high electricity prices in @ERCOT_ISO is the poor market design, not coal prices.
@uhoustonenergy @KHOU @HoustonChron #txlege @economics @bloomberglaw @chrishelman @DanielDFisher