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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: upanddown who wrote (85819)1/31/2001 7:07:45 PM
From: Tommaso  Read Replies (3) of 95453
 
They are still out of their minds in California.

quote.bloomberg.com

So the state will issue bonds to buy power so that people can go on wasting power and pay lower rates, so that the utilities will have to supply more power to be wasted, so that they can run out of power again, so that the money will run out, so that people can go on lighting their yard ornaments and running inefficient refrigerators and air conditioning units, so the taxes will go up to pay for more wasted power, so that then the state will borrow more momney to buy more power, so that they get to the point where they can't pay the interest on the bonds, so the state government goes bankrupt, so people go on wasting power, so the generators out of state refuse to sell any more to them, so everyone gets a lot of good nights' sleep because there is no power.
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