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 (84831)	1/20/2001 1:05:52 PM
From: Zeuspaul	Read Replies (4) of 95453

Businesses, not government or scientists or engineers, are nuch more likely to produce something at the least cost because they have the incentive to do so. The city of Los Angeles power department does generate its own power in addition to purchasing outside supplies. I buy my power from Edison and I pay more than City of LA customers. If theory weighs on the side of business providing more and lower cost power then why do Los Angeles citizens have more and lower cost reliable supplies of power? Ignoring reality in favor of theory is proving to be a mistake. I am not arguing for public generated power vs privately generated power. The argument is for determining power needs based on long term planning instead of market forces. I favor both public and private generation of power. Market forces do not guarantee the most power at the lowest cost. The business incentive is not to maximize power production. If that made good business sense then it would make good business sense for OPEC to maximize production. If OPEC maximizes production prices will fall and their profits will go down. Market forces are not a recipe for maximum power production at lowest cost. The energy issue is not confined to California. Citizens in many other states are paying high prices for power. High prices for power will limit its use. Many of our industries will move abroad if we can not provide them with reliable power at a low cost. High standards of living are based on increased energy usage not reduced energy usage. If we want to increase our standard of living we should plan to use more power. One big problem in California is their desire to "have it all" at the same time - cheap power, clean air, high growth, and keep those dirty, ugly power plants away from me. California has its problems. However cheap clean power and high growth is certainly doable. California just doesn't know how to accomplish it. Nuclear power is cheap and clean. NG is clean...just not cheap but it certainly could be if we increased drilling. Photovoltaic is clean and could be cheap..Passive solar for heating is cheap and clean. Coal is cheap and clean and there's a whole bunch of it. The City of Los Angeles has increased its use of coal and reduced its use of NG. Zeuspaul

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