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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: mcg404 who wrote (37619)	8/31/2003 6:56:11 PM
From: Maurice Winn	Read Replies (1) of 74559

<how, in a free market system, do we make a peaking plant that might operate a few days a year a profitable proposition to a merchant power provider? (since he is going to be accused of gouging when he charges hundreds of times the base load rate) > It was exactly that problem [plus the fact that they'd cannibalized some electrical control equipment] which turned me off buying the mothballed Marsden B power plant in New Zealand to convert to Orimulsion and use as emergency or even base load supply. I could see that when the crunch came, the political system would simply steal my money. So, I didn't bother. A few years later, there was a big power crisis. The moth-balled power station was still moth-balled. The average public IQ is only about 100 and they have little idea how economics or technology works. So they are kleptocratic. Half way between chimps and humans. Thinking wealth is something you find or take from somebody else. They don't understand how wealth creation works. So, they live with peaks and troughs and suffer the consequences. As Jay points out constantly and I try to deny, in the ever-present hope that they will be sensible, which I secretly know they will not. In a free market system, the peak load provider would be happy to wait for his day in the sun then charge a fortune. But we all know that Governor Gray and the USA politicians and the electorate and the non-voting foaming at the mouth rioters don't believe in free markets. It's just cant they mouth. Stupid meaningless slogans. When push comes to shove, they don't like free markets. They prefer to steal, as is recorded right there in their rotten chimpoid DNA. Mqurice

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