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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (49115)	3/28/2002 8:02:48 PM
From: Wharf Rat	Read Replies (1) of 65232

I wouldn't really call "Calif and price caps" a liberal thing. (I won't call the gov liberal, or even left of center, but that's neither here nor there;there certainly are libs in the Legislature, but I digress). The price caps on energy ( and they weren't called caps by FERC, I think), came about because of a suddenly and rapidly dysfunctional energy market, which was caused both by (poorly crafted) deregulation rules created by Very Conservative Pete No Hablo Espanol Wilson and approved almost unanimously by the Lege, Rt wing and Lft. Wing, and by market manipulation by the energy companies run almost exclusively by members of the GOP, such as Kenny Boy. BTW, I think the first calls for regulatory relief came from small business people in that far left town of San Diego. Red E. Kilowatt

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