whitepine,
Big surprise to me that you are still corresponding. I thought I was on "ignore". Alas, no rest for the gadfly, eh?
Re: The problem remains, why don’t these ‘price-gouging’ capitalist monsters continue to employ their tricks to keep prices high?
Basically, because they squeezed California until it turned into a whiny turnip. The rainy day fun(d) is gone, the state is going to eventually have to secure bonds it should never have had to be enslaved with and the fine Congressional team for the state is finally getting some traction with the intractable FERC. You did notice that the ending of predatory behavior by the power marketers coincided with the FERC letter ruling imposing price caps as of June 19, 2001. Or does that not enter into you simplistic view that "markets work". What worked to end the ridiculous situation in California was a combination of re-regulation, and long term contracts to end the gaming of the spot and day ahead markets.
Re: David Fabian, Enron whistle-blower - A lot more information will be forthcoming as we move ahead with the Enron investigation. The traders that Fabian was describing were largely retained by Enron and form the core of the UBS operations. They aren't going to implicate themselves, so proving what Fabian plausibly claims will take some effort.
IMO and FWIW, your views seem to me to express far more "free trade" religious dogma than any honest examination of the crisis unfolding and forthrightness in you conclusions. YMMV.
Re: I suggest you read Cartels in Action or James S. Martin’s All Honorable Men.
Thanks for the suggestions. Currently I'm reading, and quite fascinated by Robert D. Kaplan's "Eastward to Tartary", sort of a road map to Dubya's emerging Caspian adventure. Next up is Kaplan's "Warrior Politics"
amazon.com
or, why we are reverting to a more Roman model of imperialism.
"Cartels in Action", having been written in 1988, is very likely excellent for a historical perspective, but not as germane to the present as would be the Kaplan work, or the views expressed eloquently by Michael Klare in "Resource Wars".
amazon.com
I searched for James S. Martin’s All Honorable Men without success. Can you provide a URL? |
