While citizens of Texas are facing a crisis of massive proportions brought on largely by the failures of natural gas companies to weatherize their equipment, one natural gas company, owned by Dallas billionaire and Dallas Cowboys owner Jerry Jones, is cashing in on the crisis.
Demand for what little natural gas the state can access has soared amid the crisis as millions have gone without power this week, and consequently, wholesale gas prices have gone up nearly 300-fold. This week, some residents in Texas reported getting hit with massive electricity bills — one man’s bill shot up to over $8,000 in the course of two days — while they navigate power outages, food shortages and boil-water advisories.
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