Texas Grid Crash

Real Estate News TV

Hey, Texas, your power grid. It’s like all on its own. And did it crash? No. But according to this, that is really cool information. I hope you guys don’t get so mesmerized by it that you are not productive in your day. But own car is going to pull over here. There is a ERCOT graph that you can watch how the supply and demand is working of our power. So I’m going to go ahead and take control of this for just a second and show what we’re looking at here. So what this shows over here is the capacity. There’s committed capacity, and then there’s Quickstart capacity and demand. And yesterday there was a time here in the afternoon where it got really crazy. So I’m going to see if I can go back to yesterday and get to where that was. There’s like a previous day. At 3:00 in the afternoon. It was very close. Yeah. Power was going to just. It was insane. Maybe I need to go back. I was on it yesterday. So we’re trying to rush and get all of our work done just in case. I know. But this, anyway, shows what’s going on. Yeah. And yesterday it got really it was inverted where the lines were on the wrong side. It’s like. Wow, we got up to a point where we were expected to have 82 watt for our demand and we couldn’t get up that high with the capacity. And luckily everything worked out because people conserved. We’re supposed to get our really close temperature up and maybe that saved it. So this link will be in the description. You can take a look at it and see what’s going on here and it tells you if you should conserve and when you should or when you should not and what’s going on there. But this is a real problem for us. It is. So if we really talk about this and we go back and we just say, why is this important from a real estate perspective? Yeah, right. So you’re going to get a lot of questions about what in the world is Texas doing with their power grid? Why is this a problem? How are we letting it be a problem? How did this happen in the summer after it almost happened in the winter? How dangerous is it if it happens in the summer? So in the winter things freeze like the pipes, but people most likely work out right and it ends up being kind of okay in the winter, as odd as that is. But in the summer, you can’t get out of the heat. Well, it just keeps going. You do have other methods. It’s really to stay a little warmer. You can put a blanket on. But in the summer, if you don’t have power, you can’t even turn on a fan. So I’m not sure which one is more deadly. Right. If your power went out for as long in the summer as it did in the winter, it would be very dangerous for people. It is when it’s as hot as it is. So it’s a problem and you’re going to be asked by people. And I think the demand for things like which, you know, does the power go out in this property when there’s a problem? Is it on a hospital grid or extra protections or do you have something like a backup generator? And I think those things are going to become increasingly more important. Yeah, I agree. There’s a lot of people still moving to Texas. And if they don’t make a change, I don’t I mean, it’s just putting a lot more stress on the grid. So at some point we’re going to have a problem if they don’t fix it. Yeah. So there needs to be a real solution to this problem and hopefully we get there. But from a real estate perspective, the grid is definitely a concern and the basics behind it is in Texas we do have our own power grid. We’re not connected to the rest of the country because we always believe that we’re like independent and free, like can’t rain us in and we’re. Yeah, it might need to let go of a couple of things. Well, or just make our power grid better, just like totally operating. I mean, look, we’ve known about the amount of people moving to Texas and the, you know, the strain on the grid for years. I mean, imagine all this money that we should have coming in. In theory, because oil prices are high. Is there anything better to spend it on, as --- Send in a voice message: https://podcasters.spotify.com/pod/show/realestatenewstv/message