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Pastimes : The California Energy Crisis - Information & Forum

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To: miraje who wrote (354)	5/31/2001 11:37:46 AM
From: DavesM	of 1715

The truth is that there are times in both Capitalism and State Control that there are breakdowns in the supply of a needed commodity. It seems to me that much of the left's anger is not that energy prices are higher, only where the money is going (tax revenue vs. corporate revenue). A few years ago; TX, LA, and CO were all in very deep ugly local recessions, largely because the bottom fell out of the gas and oil markets. Since TX is the second largest state, and a deep recession in TX could effect the rest of the country, shouldn't it be protected from short term shocks from prices as well (in this case when it drops too low)? Since CA deserves "temporary" rate relief, doesn't TX deserves "temporary" price floors (when oil and gas supply outstrip demand)? When there is a commodity is short supply, energy or health care: you can force rationing on everyone, you can allow price to limit total demand, or you can determine who is the most worthy and allocate quantity and price based on a person's (or corporation's) worth to society (or friends in high places)-or a combination of the above.

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