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Gold/Mining/Energy : CA power crisis
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To: Jon Koplik who wrote (83)2/15/2007 11:23:57 PM
From: Jon Koplik  Read Replies (1) of 186
 
Those plunging electricity prices are in England (!) They have been plunging SO quickly lately, that I finally did some serious "digging" to determine the real story ...

Background (text of old message(s) I am replying to) :

**************************************************************

Just checked those electricity prices again. Amazing collapse.

(But, everyone knows : "there's just so much strength now" ... both with the U.S. economy, and pricing pressures ...")

----------------------------------------------------------

futuresource.com

Click on the links just to the left side of the words :

Electricity Base Load

or

Electricity Peak Load

------------------------------------------------------------

These electricity prices are down so huge, that I would feel better if I knew with absolute certainty that they are indeed U.S. electricity prices.

(Details on these futures contracts are kind of difficult to find, even using the Internet ...)

Jon.

*************************************************************

On 2/12/07 ... those two futures contracts made new lows again, and were each down between 5% and 10% in a single day.

From this website :

futuresource.com

and this website :

theice.com

(and clicking on : "ICE UK Base Electricity Futures" )

I learned that I have been watching U.K. electricity futures.

--------------------------------------------------------------

All of my comments along the lines of :

"Oh my gosh -- How can our central bankers say : "there's just so much strength now" ... both with the economy, and "pricing pressures ..."

merely flip from the incorrect central bankers in the U.S. to the incorrect central bankers in the U.K.

Jon.
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