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Pastimes : The California Energy Crisis - Information & Forum
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To: portage who wrote (786)8/1/2001 1:44:02 PM
From: Daniel G. DeBusschere  Read Replies (3) of 1715
 
If someone said "I will pay you anything for something you have in large quantity" what would be your response? First, you would double the price. Once you get this like taking candy from a baby, you double the price, then hey! this is easy, you double the price again. Since the buyer is not spending his personal money then who gives a shit about the price? That's your unregulated government in action fella. It happened - open your eyes. California was sitting on cash reserves of Billions of Dollars and Davis seized power and threw the check book at the generators and said "just write in the amount guys and deliver the juice". Now you and I have to pay for this stupidity. Who knows how much of this will (or has been) redistributed back to campaign finance bank accounts? If you remember history, the driving force for deregulation was the gripe that Californians were paying 50% more under regulated markets and that California was becoming uncompetitive because of the high regulated utility costs. Other states have had a favorable response to deregulated utilities where supply is just greater than demand. Economists and the Governor both agree that California deregulation was fatally flawed when the end user was isolated from the cost of supply. It's like buying gas from a gas pump without knowing what the price is and without concern about paying the bill.
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