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Technology Stocks : How high will Microsoft fly?
MSFT 496.92-0.1%3:59 PM EST

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To: Brian Sullivan who wrote (58775)6/12/2001 7:31:33 PM
From: Dave  Read Replies (2) of 74651
 
(OT) I also would be interested in seeing if the electricity prices that consumers in California are really all that high if they were compared to electricity prices in Europe.

Consumer electricity prices in California are still not all that high. Because of price controls, they have increased by less than 50%, as far as I know. It's the price that California electric companies are paying to the Texas Big Oil companies (you know, they ones that paid to put the Bush Dynasty in the big house) that have increased up to 20x over the last couple of years. The subpoenas are still flying, but the Word on the Street is that the Texas company that controls a large percentage of the oil pipeline to California did some skanky maneuvering (winning a bid to buy the pipe from its parent company, which in turn supplies the oil) to corner that pipe and gain control over the pricing. It's an interesting Antitrust issue, one that is probably distasteful to Microsoft fans.

And like Microsoft's antitrust violations, Texan Big Oil does cost consumers dearly, if not always directly.

Dave
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