SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: American Spirit who wrote (5282)3/14/2004 7:00:56 PM
From: DavesM  Read Replies (1) of 90947
 
re:"The federal government had no power over the energy traders."

Of course the Federal Government has power over energy traders. The FERC instituted and changed, how price caps were instituted, in Western Electricity Markets, several times in 2000 and 2001. The FERC instituted a firm ~$90/MWhr in June of 2001 (What Gov. Davis was asking for almost a full year earlier from President Clinton and the FERC). Before June, (as I have told you before) all voting members of the FERC were appointed by President Clinton (and a majority were Democrats).

The oil/gasoline markets were not the same as electricity markets. Releasing oil from the strategic oil reserve, had little effect over the price of electricity in 2000-2001, as almost no power plants in the West, are fired by oil.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News