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: Second_Titan who wrote (84823)	1/20/2001 11:12:46 AM
From: Zeuspaul	Read Replies (4) of 95453

The only question now is whether to continue to ration power through blackouts or to ration it through markets. I don't agree with the author and the consensus. The obvious has been ignored. There are cities in California that are not experiencing a power crisis. Knotts Berry Farm closes rides but neighboring Disneyland does not. Why? Disneyland gets its juice from Anaheim public power. The city of Los Angeles has juice for their own citizens and businesses and plenty left over. Why? It is called planning ahead. How much juice will be needed and then build enough power plants to provide it..there ain't nothing to it but to do it. It isn't market forces that has resulted in adequate supplies of power at reasonable cost. Their success is rooted in good planning. Power planning is best left to scientists and engineers. One need only project future needs and plan accordingly. There are too many considerations to leave power planning to the simplicities and fluctuations of market forces. The author indicates higher prices will lead to adequate supplies. What evidence is there of that? Text book economics? The conventional wisdom that market forces can fix anything? I would prefer to get my juice from an entity that plans 20 years in advance than from suppliers that react to monthly fluctuations in prices. What do these marketers do..employ economists with long term projections for the price of power and then build just enough...wouldn't want to overbuild and drive the price of power down. The immediate crisis can be fixed by reducing demand. The best way to accomplish this is with voluntary and mandatory conservation measures. It is done with water in times of draught..it can be done in this power/political crisis. So instead of blackouts and market forces I choose conservation and planning ahead. If politicians want to play a role let them work on conservation. Place the planning and production of power in the hands of scientists and engineers. The goal should be to produce the most amount of power and to minimize the cost. If we want our businesses to compete in a world market then we should supply them with reliable low cost power. Zeuspaul

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