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Strategies & Market Trends : IPPs and Merchant Energy Co.s

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To: Larry S. who wrote (210)9/25/2002 7:48:49 PM
From: Quincy  Read Replies (2) of 3358
 
Ah, I stand corrected.

On this day, I am still trying to figure out why anyone could maintain that my fellow Californian's deserved the crisis of 2001.

75 years ago, many of us still had access to fresh food as it wandered by. Today, I can leave the car in the garage and take public transportation. But, we still need electricity to survive.

The nature of electricity generation and its ease of manipulation makes it nearly impossible to allow market forces to keep prices in balance without proper government oversight.

Doesn't appear to have anything to do with socialism.
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