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: Aggie who wrote (84904)	1/21/2001 9:24:30 PM
From: Zeuspaul	Read Replies (1) of 95453

The California civic leaders have proven their ineptitude. The utilities signed on and supported the plan and made some bad business decisions on their own. There is plenty of blame to go around. My opinion is that the free market economy takes all precedance over all, and if a municipality can cut a better deal, go get'm. But regulation which seeks to impose better economic performance, outside of market forces, will fall flat on its face every time. NOT true. The private and public utility industry has been regulated and it did not fall on its face. Indeed the complete opposite...American industry became predominant and old ladies and orphans had a safe place to put their investments. The deregulated utilities fell flat on their face after the botched deregulation plan was implemented. Your PSEUDO free market utility plan is an EXPERIMENT and so far it is not working...blame it on bad law if you want but it doesn't change the fact that it is not working. You want to substitute ifs, buts coulda's and woulda's for WORKED for a century and was still working...that's utter foolishness IMO. There wasn't even a good reason to execute the change. Power was cheap but Wilson and his republican free market illusions wanted it cheaper and every one knows that a free market will bring down the costs...he has been proven wrong and a whole bunch of others went down his yellow brick road. There is plenty of LA LA Land on both sides of this issue. You may think I am reacting to the California nonsense. Not really. Ever since the first oil embargo I have been amazed at the lack of foresight of the national energy planners...or lack there of. With your line of thinking we don't need any as the free market takes care of all. So we wait for some foreign dictator to turn off our lights and who do we blame...the free market?? Zeuspaul

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