Grid Locked
99% Invisible
00:00
The Texas Energy Deregulation Saga
This chapter examines the historical evolution of energy deregulation in the United States, particularly during the Carter administration's attempts to reduce foreign oil dependence. It highlights the complexities and challenges of Texas's deregulation efforts in the 1990s, detailing the involvement of unusual coalitions between manufacturers and environmentalists. As the chapter unpacks the consequences of these policies during a severe winter storm, it reveals the stark inequities faced by different communities amid the crisis, spotlighting the pitfalls of a market driven by competition over reliability.
Transcript
Play full episode
