Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: gamesmistress who wrote (84842)	1/20/2001 11:05:56 PM
From: Zeuspaul	of 95453

Perhaps the LADWP model would be the best one for all of CA. LADWP has certainly proven itself better at long-range planning, since it doesn't have to worry about shareholders and Wall St. The trade-off there would be stability vs. the extra taxes, since the municipal utilities don't pay any and some are subsidized in other ways. SCE and PG&E were doing fine too until the state government with input from the utilities with the impetus coming from the feds attempted to deregulate the juice. There was nothing wrong with the regulated structure or better said it was a lot better than what we have now. The proven LADWP model and the proven regulated private utility model should both be used. On the "cheap clean power and high growth" issue, I am extremely pessimistic that what passes for leadership in CA will be able to reconcile the many conflicting interests. The environmental lobby is very strong I believe and will fight any relaxation of environmental controls tooth and nail. The fact that more local drilling, generation, and power plant construction would have kept them out of this mess doesn't seem to matter to them, and I don't see that changing anytime soon. I couldn't agree more. Radical leftist environmentalists caused the problem and still have too much clout. An incompetent state government allowed it to happen. The lack of guidance and the lack of a national energy policy by the feds is a major contributing factor. It will take leadership to solve. Davis can't or won't...Bush won't. Look for a major impact to the California economy with far reaching effects. Energy is a national issue. States and private entities need the advice and consent of the federal government on energy issues. National security and stability and trade are at risk. Our dependence on foreign energy sources is a major problem. Private and public utilities should not have been allowed to have become so reliant on unreliable domestic and foreign sources of energy. The NG producers failed to properly gauge the future demand for their product. The infrastructure is inadequate..not enough pipelines..not enough transmission lines. California may be in the limelight now but the nation has a problem too. Leadership should come from Washington on energy related issues. Bush has a problem. If the California economy tanks his national economy will be effected. If he tries to help California his market force and states rights buddies will whine about bailouts. If he provides incentives to oil and gas he will hear cries of bailouts to evil oil that is now making record profits and chooses not to drill. The laissez faire energy policy of the Clinton regime got us where we are today ie the energy market was allowed to wallow around and try to find its own course. It doesn't work. My guess is Bush will make the same mistake...let the energy market take care of itself. It won't work...he needs to lead...not watch. He will be fooled into thinking the California energy problem is solely caused by the incompetent California state government and the leftist environmentalists. Although true on the surface the problems are deeper and need to be addressed with an interventionist policy..he won't and he will live to regret his lack of action. JMHO Zeuspaul

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next