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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: Theophile who wrote (1788)	1/17/2001 4:10:58 PM
From: Hawkmoon	Read Replies (2) of 46821

I will leave that to Ollie North and his friends who are so adept at laying blame rather than developing answers. I'm sorry Martin.. but I just don't buy that cop-out... And I don't have to be Ollie North or some other person who may be perceived as politically motivated. This is about leadership and political governance in order to further economic growth. California represents 18% of the total GDP of the US. It doesn't take a brain surgeon to observe the astronomical growth that has occurred in that state which has spurred energy demand, compare it to the limited supply of such energy, and see a recipe for disaster. This is a clear cut case of the pigeons coming home to roost right on the doorstep of the liberal politicians who have spent so much time kowtowing to the environmental extremists who lack even the faintest understanding of what drives an economy. And now CNBC is reporting that rolling blackouts will be instituted in California. Tell me what major corporations are going to do in the future when factoring business costs? I'll lay you odds that they will migrate their businesses to locations where energy supplies are more stable. The Californians have a serious problem that will require years to resolve. And that problem, given CA's percentage of national GDP will become national in scale as ripple effects are felt progressively from west to east. Where California's Governor and other politicians have failed is in the area of educating the masses and having a coordinated energy policy. There is a reason why California is the land of NIMBY and that no new power plants have been built in that state for the past 10 years. Its the arrogance of special interest government versus the realities of economics and what it takes to keep people working at wage scales that provide them a decent living. Life is a cost/benefit analysis and people will generally make the right decisions when provided with the facts. People in California may have paid more attention to energy concerns over the past 10 years had the issue been presented to them where they understood that a good economy cannot last without adequate access to low-cost power. Regards, Ron

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