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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Zeuspaul who wrote (84826)1/20/2001 4:21:37 PM
From: kodiak_bull  Read Replies (1) of 95453
 
Zeuspaul:

I find it hard to believe you wrote:

"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."

Russia 1917-1989, China 1949-1982, North Korea 1949-today, Cuba, and the list goes on.

Memorize this phrase: central planning does not work. It is, in fact, "the simplicities and fluctuations of market forces" that works, and works beautifully. Of course, the market won't work and won't be allowed to work in NIMBYlands like California.

Power planning best left to scientists and engineers? Didn't you forget the politicians, who know that energy costs are headed south indefinitely and their constituents deserve a great deal?
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