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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: t4texas who wrote (83077)	4/16/2007 3:16:50 AM
From: Elroy Jetson	of 206277

The higher energy prices in California, and other West Coast states, have led a few industrial uses to relocate to areas with cheaper electricity. These include Libby glass-works, and electric arc metal smelters. Alcoa owned their own hydroelectric supplies in Washington state, but chose to relocate their aluminum smelting plants to other areas and sell their electricity. The sale of the electricity is far more profitable for Alcoa than was the production of of aluminum. This is simple economics. When my Great-Grandmother moved to Los Angeles in 1911, the largest industry was the production of alfalfa, citrus and poinsettias. Later the largest industry was oil, and today its international trade with the entertainment industry as a distant second. Things change as an area becomes wealthier. You're going to see the same thing with water particularly in Arizona as well as parts of Texas and other states. As water becomes more expensive in these areas, agriculture and other industries which need a good supply of cheap water are going to leave for regions that won't play the drought game. .

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