Strictly: Drilling and oil-field services Message Board

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

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To: gamesmistress who wrote (84664)	1/18/2001 5:57:49 PM
From: Douglas V. Fant	Read Replies (2) of 95453

Gina, California short-term is in a box. We are sitting here in Phoenix today at the Power Authority debating what we can do to help those folk to the West and also avoid getting hit by the waves emanating outward from the blast center....Looking at Cal PX numbers, it appears as if noone is bidding generation into the California's day ahead market....So the "hot air' of the local politicians has served one purpose- it has scared off any out-of-state generator from bidding into the California power markets. Long-term California's problems are easily fixable so long as they "step up to the plate" and upgrade their industrial infrastructure and create a more business-conducive atmospehre in their State. If California chooses not to build the infrastructure or secure related assets in adjacent states, and be essentially a "green state", then California must be prepared to fade as an economic superpower.... You cannot have both environmental protection and strong economic and population growth- it cannot be done. Either "thin the herd" or build up fodder for the herd to eat....* The whole California situation is spawning an incredible array of proposals from every possible group you can imagine private ,city, state, and federal. Today I sat in a meeting involving various agricultural interests and a novel proposal....IMO the whole affair is shaping up like the S&L scandal of the 1980's in a number of fashions... For you "old timers" out there, don't be too surprised if you see the heads of a couple of power marketers placed upon spits such as Ken Lay at Enron when the smoke clears.... Finally- Anyone buying into small cap tech stocks here? It has been a pretty strong "January Effect" so far.... * (I see Malcolm and Jim making their livelihood in California as liberal philosopher-waiter/busboys, working the tourist trade in Monterey, Stinson Beach, or Half Moon Bay, quoting Sartre or Nietsche, whilst serving pina coladas and genuflecting for tips to the rest of us from the Thread who take vacations their along the nicely preserved coastline. I see the abandoned waterfront and financial district buildings in the formerly thriving City of San Francisco as one heck of a place to hold the World Paintball Championships :)....

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