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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: portage who wrote (9950)3/25/2003 9:13:30 PM
From: Skeeter BugRead Replies (2) of 306849
 
**California had ample energy production capacity at the time. The spot market would have worked if the energy providers and marketers hadn't gamed the system to artificially choke off supply, with the exception of a few hot days in the summer of 2000 and Spring of 2001, before caps were instituted. Perhaps Davis's lack of signing the long term contracts earlier was due to the fact that he'd never worked inside a den of snakes like Enron before to understand how they manipulated and lied under the cover of secret dealings ?**

portage, as a californian, i don't think "The spot market would have worked if the energy providers and marketers hadn't gamed the system" is acceptable. that sounds like an extremely poor system. sorta like paying taxes on the scouts honor method. it would work if everyone just sent their check.

if one thinks that'll work, then one is a totaly idiot. systems ar emade for "gaming." that's the whole point. get tactical advantage. a good system prvents it. a piss poor system set up by a bunch of cronies sets up a system that enables the fiscal rape and pillage of their constituents and leaves them asking for more.

that system sucked to high heaven. they were given notice and should have known. they were told in advance how it could be manipulated.

what happened to the guy who set up the bankrupt system? davis promoted him. i think he's controlling all the state's money now.
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