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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Don Lloyd who wrote (100457)5/8/2001 12:10:50 PM
From: Skeeter Bug  Read Replies (2) of 436258
 
>>No one can know what a proper price is except as a result of a market process, so if the price either rises or falls by a factor of 10, it says nothing useful by itself<<

actually, it does. the politicians and energy suppliers that ACTIVELY SOLD deregulation as the way to LOWER prices would be proved to have misled the public.

>>What we do know is that a persistent shortage indicates either that prices are too low or that there exist regulatory or other barriers to entry or both<<

another option is market manipulation. there have been plenty of reports of power plants not operating due to "maintenance." a very unusual amount of "maintenance." some of the smaller players didn't like the deal the cali assembly made with one of the big players and so they shut down for a while and forced blackouts. artificially reducing supply would be a nice way to constrain supply, jack up prices and let the public know who "daddy" REALLY is.

>>If a proponent of deregulation claims that consumer prices will necessarily fall he is every bit as much of an ignoramus as a so-called consumer advocate who cares about nothing but consumer prices even to the point of shortages.<<

the problem is that those ignoramuses are sitting on BILLIONS right now - and billions more are flooding their coffers daily. conflict of interest? deception? manipulation? lies?

>>Destroying the market is certainly not the answer.<<

there appears to be no incentive for decision makers to fix the market, either. the status quo is FAR too profitable for both energy suppliers and politicians.
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