I say a lot of things here that I don’t want tied to my name. However, if confronted with them I would not deny a single thing I’ve said.

Taking that approach I’m fine with where my message goes and I’ve learned from day 1 on the internet (back in the 90s), that anything you say is permanently out there with your knowledge or not.

Ouch. Seriously, what was he thinking with that cover. Or the artist for that matter. Should have shopped it out to at least one friend and asked “based on the cover, what do you think this is about?”

I mean the name literally has “The Staff” in it!

I don’t even think everyone has the option of not getting a variable pricing…

That’s where you’re wrong. The wholesale pricing is very much optional with a few providers, some don’t even offer it. It is not something you’re forced in to, nor is it the norm. It’s basically a plan you have to go looking for an choose.

Man, someone seriously pissed in your Cheerios. I’m not defending them at all. My point since the beginning has always been that if you are trying to get away with gambling on the system. At some point you will lose. That is 100% on you. Doesn’t matter if it’s betting, ARMs, variable rate electricity, whatever.

Agreed. Which is why I think anyone trying to use them is either greedy or woefully uneducated. It’s why I mentioned ARMs in my original post. People are gambling and think they’ll be able to game the system for the life of the loan and then something goes sideways. Same thing with electric.

No, it’s called making an informed choice. Down in South Texas that variable rating wasn’t even an option because our energy provider doesn’t do that. So what happened? Absolutely nothing. The provider ate most of it.

Where that happened is in Dallas, where there are at least 4 separate utility providers that you can shop around for. And of those 4 they have different plans including fixed rate plans. I.e. plans where your bill wouldn’t have shot through the roof.

So it very much was a customer issue, and didn’t happen to everyone. No one was forced to chose those plans.

Frankly that’s the customers fault. It’s like taking out an ARM based mortgage. You’re gambling that the rates will stay low and then removed if they spike. The people that were affected opted in to a variable rate plan to take advantage of lower commercial prices, then started bitching when it spiked. Coupled with automatic withdrawal meant they thought “it would never happen to me!”

I know that’s a funny quip and it was true in 2021, but it hasn’t been a problem since that event 5 years ago. Fun fact, Texas is actually the largest producer of wind energy in the nation, and they’re also building out massive solar farms.

The reason most people don’t hear about it, is it’s being done by the same oil and gas companies that are raking in the money. They’re just diversifying their portfolio so they continue to make money.

Ngl, I turned off my adblocker in a private window to see if that may have been the case. It was still fucked.