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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Rustee who wrote (85156)1/23/2001 9:52:09 PM
From: Zeuspaul  Read Replies (1) of 95453
 
anyone with basic Econ 101 knows rates have to go up and consumption go down before we can even start to address the long term energy solutions necessary for Ca.

There is another side to the equation. Increasing the supply would address the long term CA energy problem. The likely solution to the short term problem would be for prices to go up and consumption down. That is certainly the consensus but in my experience the consensus is right about as much as it is wrong...just like me<g> A better solution to the current problem would be for consumption to go down and for prices to go down. This can be done with a major conservation effort. In the unlikely event that Gov Davis would lead such an action the energy crisis would be solved overnight and at low cost.

In the long term high price and low consumption is also not a good idea. There is a strong relationship between standard of living and energy use. What you propose is to reduce the standard of living. It should be our goal to increase our standard of living. If we provide more energy and at lower cost our industries will thrive and everyone will benefit. People with lower income levels will benefit...people with higher income levels will benefit...the nation will benefit. It works better than a tax cut as a boost to business.

Do you think our recent economic success was due to Clinton's outstanding job performance? Take a look at the price of energy during his term. Do you think the recent economic downturn is due to Clinton's miserable job performance? Take a look at the price of energy over the past year. IMO It's The Price of Energy Stupid.

Zeuspaul
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