About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Texas Bans Natural Gas Companies From Taking Fuel Out of State: Gov. Abbott” – below is their description.
Texas is banning natural gas companies from exporting the fuel to anywhere outside of the state as it tries to restore electricity supplies after an unprecedented energy crisis.
Texas Governor Greg Abbott said during a media briefing Wednesday that he issued an order forbidding Texas gas producers from selling to power producers outside of its borders through Feb. 21.
Dan Woodfin, senior director of system operations at Texas grid operator Ercot, said earlier in an interview that a lack of gas supply is one of the reasons why it’s having trouble getting power plants back online.
Abbott said he and other state governors had expressed concern on a conference call with President Joe Biden about the severe spikes in natural gas prices amid the crisis. Spot prices in neighboring Oklahoma rocketed to over $1,000 per million British thermal units Wednesday, increasing more than 100-fold from a week earlier.Bloomberg Quicktake: Now YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: Joe Biden
Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.
He is married to Dr Jill Biden.