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Texas energy crisis shows similarities to 1970s oil shortage

Texas energy crisis shows similarities to 1970s oil shortage David J. Phillip/AP Power lines are shown Tuesday, Feb. 16, 2021, in Houston. More than 4 million people in Texas still had no power a full day after historic snowfall and single-digit temperatures created a surge of demand for electricity to warm up homes unaccustomed to such extreme lows, buckling the state s power grid and causing widespread blackouts. (AP Photo/David J. Phillip) and last updated 2021-03-16 08:37:31-04 DALLAS/AUSTIN, TX — The similarities between our deep freeze problems and the national shortage of gas and oil in the 1970s goes well below the surface.

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