SI
SI
discoversearch

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.
Politics : Electoral College 2000 - Ahead of the Curve
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ilaine who wrote (6395)12/15/2000 7:01:17 PM
From: Raymond Duray  Read Replies (3) of 6710
 
Hi CB,

The California storage issue is highly localized, according to what I could glean from the AGA presentation in front of Frank Murkowski's Senate Energy Subcommittee. We actually have enough gas in storage, on a national basis, to see us through the winter. The California mania in natural gas prices was largely driven by speculators. Too bad they are so destructive. They've nearly managed to bankrupt PG&E and SCE. Two utilities that have survived the Great Depression and a couple World Wars. But the combination of de-regulation and speculation has just about proven to much for them.

We are getting regional reports on Oregon Public Broadcasting about a major summit to occur out here soon, hopefully. Gov. John Kitzhaber of Oregon and Gov. Gary Locke of Washington are both calling for a meeting to try to deal with what otherwise is going to be a cronic crisis.
The is a clear instance where the "market" is failing to provide for the welfare of the players and the public.

Regards, Ray
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News