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Pastimes : The California Energy Crisis - Information & Forum

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To: Raymond Duray who wrote (435)6/11/2001 2:35:47 PM
From: gamesmistress  Read Replies (4) of 1715
 
Don't know anything about Japan's economic system from the mid '20s through 1945, but Germany from 1933 to 1945 was run by the National Socialists, remember? They ran on a platform of saving Germany from the "unbridled capitalism" of the Weimar Republic. And the big corporations in Germany certainly reaped big bucks, but only if they did what they were told by the Nazis, who dictated every aspect of German life, including the economy.

The big energy companies have had on and off relationships with the US government, but logically, if there are price caps now, the US government should have stepped in to support the price of oil when it dropped to $10 and oil companies were laying people off left and right and consolidating to survive. Right?

Maybe the FERC should come up with a better definition of "just and reasonable" prices. "Cost plus" belongs to regulated utilities and the old AT&T. Nobody tells Microsoft to sell at "cost plus".
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