Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (30155)	3/26/2003 3:50:27 AM
From: EL KABONG!!!	of 74559

energyplay, Interesting... Good news and bad news I suppose... The courts have reaffirmed the federal jurisdiction over the states' jurisdiction yet again, which is good news, especially in the energy sector, which is completely disorganized now and desperately in need of being re-regulated, at least in the short term. The bad news is, of course, that any perpetrators within the energy sector (current or past) will likely get away with anything they did, with nothing more than a figurative slap on the wrist, as FERC does not have police powers, and therefore at best, can assess only civil penalties and perhaps some form of restitution. The DoJ must be involved to bring any form of criminal action, presuming of course, that any laws were actually broken (the old innocent until proven guilty phrase)... KJC

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