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Strategies & Market Trends : Drillbits & Bottlerockets
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To: MulhollandDrive who wrote (7479)4/10/2001 9:12:08 PM
From: John Pitera  Read Replies (1) of 15481
 
Are you saying there is adequate supply of electricity in CA? I guess that would theoretically be true of any commodity priced HIGH enough.

It the regulators and politicians had addressed, the supply demand situation earlier, and also had they let prices
rise for the consumer sooner, there would most likely have been more conservation and there would be more
profit incentive to create more power supplies.

that's my guess.

If we look at the 1970's and the gas lines, prices were kept low, and rationing was tried, when gasoline and
energy prices rose, we had more output on the supply end and more conservation, that energy crisis
brought the Japanese car makers with their smaller fuel efficient cars to the fore, and also caused a retooling of
what type of cars Detroit produced (ie smaller, more fuel efficient)

I lived in London in the 1970's and saw the socialism in europe and the standard of living was no where near as
high as it was and is in this country.

John
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