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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Don Lloyd who wrote (105490)5/30/2001 10:44:00 AM
From: portage  Read Replies (3) of 436258
 
>>You are asking for a chimera. Contrary to widespread belief, economics is a soft social science, neither a hard physical science nor a mathematical one.

Then why should we believe you ?

This ain't about a normal market. It's about a basic necessity that was foolishly tinkered with by a Republican governor to aid big industry, without meaningful input from the other 99% of the population. The energy wolves quickly learned how to game the system -- testing it by moving prices from $1 per kwh to $5,000 per kwh to $9,999 per kwh in the blink of an eye by manipulating supply. Meanwhile closing down plants strategically to ensure a shortage, even when 1/3 of the generating capacity is already off-line. Haven't you been reading the reports from FERC's own analysts proving as much ?

This is a recipe for reasoned regulation of market power and correction of a dysfunctional system if there ever was one. P.S. the natural gas prices were not capped as of this winter, and our electricity rates have been raised by 50%. New plants are being built left and right.

Then you get a friendly white house preparing to support the gouging while blathering that it will just raise prices if they reign in the abuses in the short run blah blah blah (like a one year 1,000% increase in wholesale prices already isn't raising them). The kind of stuff that would cause Bush to send in troops if OPEC tried it.

The eruption when thousands of small businesses go broke and homeowners can't afford the $900 per month bills after cutting their usage from second lowest per capita in the country by another 10-20% will be interesting. Then you're talking about actual people instead of theories.

You pure theorists are entertaining, to say the least. Bring back the robber barons !!
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