SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AltLar who wrote (85144)1/23/2001 7:52:11 PM
From: kodiak_bull  Read Replies (2) of 95453
 
Larry,

You wrote, "CA has been buying on the spot market and hence shipping big buckets full (as Carl Sagan used to say billions and billions) of dollars out of state. That's why PGE and SCE are facing BK. There has been a massive shift of assets from CA to other states. So why are so many suggesting the other states are getting the short end?"

Let me understand this. One family has been, foolishly, eating at the most expensive restaurants for months (the spot market) and now that it threatens bankruptcy it wants everyone else in the neighborhood (the rest of the states) to pay its restaurant bill? On the reasoning that the money lavished at the restaurants went out into the community?

Tell me, how did your average Iowan profit from California's foolishness? Let's try to stay in this solar system on this dialogue, shall we?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News