Gas Sellers Reaped $11 Billion Windfall During Texas Freeze – Slashdot

Bloomberg News show that natural gas producers in the Permian shale basin began to drastically reduce output days before power companies cut them off. As the flow of gas cratered, everyone scrambled to secure enough supply, sparking one of the wildest price surges in history. Power producers were forced to pay top dollar in the spot market for whatever gas they could find. Soon customers will be saddled with the bill.
— Read on m.slashdot.org/story/387787

Beware Of ‘Shrinkflation,’ Inflation’s Devious Cousin : Planet Money : NPR

General Mills’ reframing of its shrinkflation seems to be pretty typical of Corporate America. Companies often sell downsizing as a way to help the environment, offer consumers more choice, or improve the quality of their products. When a spokesperson for Charmin, for example, was confronted by reporters at WBUR about shrinking the size of their toilet sheet squares, she suggested it was the result of “innovations” that allow consumers to, basically, wipe their butts more efficiently.
— Read on www.npr.org/sections/money/2021/07/06/1012409112/beware-of-shrinkflation-inflations-devious-cousin

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