Texas power prices continue to surge

Morris Greenberg, Senior Manager of North American Power Analytics at S&P Global Platts, joins Worldwide Exchange to discuss the perfect storm leading to a massive surge in power prices due to the winter weather in Texas. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Millions in Texas faced power outages for a third straight day on Wednesday as the deadly storm that brought snow and ice to the region wreaks havoc on the state’s energy infrastructure. An estimated three million barrels per day of oil production remains offline. Power production from natural gas, coal, renewables and other sources has been impacted as consumers turn up their thermostats amid the frigid temperatures.