While Texas is currently in the middle of an energy crisis after the state’s power grid collapsed due to frigid temperatures which have left millions without power, Dallas Cowboys owner Jerry Jones has been able to capitalize as fuel prices are surging in the area.
Jones’ natural gas company, Comstock Resources, is selling gas at a 500% price markup because many fuel plants in the state have had to shut down due to the freezing weather. On Wednesday, Comstock’s CFO bragged about “hitting the jackpot” during the crisis while on a call with investors.
— Joe Weisenthal (@TheStalwart) February 17, 2021
Jerry Jones, the billionaire owner of the Dallas Cowboys, appears to be one of the beneficiaries.
Comstock Resources Inc., a shale driller that operates in Texas and Louisiana, told investors on an earnings call this week that the surge in natural gas prices was providing it with a major — albeit almost certainly temporary — financial boost. The company is publicly traded but Jones holds a majority of the shares.
“Obviously, this week is like hitting the jackpot,” President and Chief Financial Officer Roland Burns said Wednesday.
People were clearly not happy Jones was profiting off of the Texas energy crisis and blasted him on Twitter.
Enjoy paying a $9000 gas bill to help fund Jerry Jones’ extravagant life. This is what the blackouts were for. This is capitalism. He will get bail outs AND huge fees from struggling people during a pandemic. Enjoy those Cowboys cause it’s all he is giving you. https://t.co/XuXlEIMjS1
— myslightlygayeralt (@myslightlygaye1) February 19, 2021
Jerry Jones Is making millions off a natural disaster where Texans are freezing to death and don’t have power or clean water.
But y’all gonna still buy tickets to Cowboys games, so…
— Bishop Talbert Swan (@TalbertSwan) February 19, 2021
Meanwhile, Jerry Jones' drilling company is literally gloating about making massive profits while millions of people suffer in Texas pic.twitter.com/QFVOcb4mOB
— ThatsGoodSports (@BrandonPerna) February 19, 2021
Look on the bright side. Even though people died, lost their homes/belongings to water damage, suffered from hypothermia and CO poisoning, etc. this wasn’t all bad. Jerry Jones and other rich people made a lot of money. Silver lining. https://t.co/OHzjjs1qps
— Brianivimab, PharmD (@BriaNorco) February 19, 2021
— Lin-Z (@zischkalia) February 19, 2021