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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: ChanceIs who wrote (92678)10/28/2007 5:02:11 PM
From: quehubo  Read Replies (3) of 206348
 
Overbuilt.

It would be difficult to argue that the herd of bulls did not run blindly off the cliff last generation build cycle.

I know of some plants that are just now earning enough in PJM to offer some hope for a return on equity. This after being commercial for 5 years.

So overbuilt yes if you expected a decent ROE over the last 5 years. Overbuilt no, if you look at the next 5-10 years.

Either way these GW religious fanatics and the ignorant public are leading us into a deep black hole that will be very difficult to extricate ourselves from.

Imagine a season in the not to distant future with a well placed hurricane in the GOM, a hot Summer and a cold Winter.
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