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Politics : View from the Center and Left

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To: Bearcatbob who wrote (69263)	5/29/2008 8:26:38 PM
From: quehubo	Read Replies (1) of 543587

With natural gas prices still cheap relative to oil, but up ~60% from last Summer California politicians will be looking for another crime to obfuscate their poor leadership. Electric prices are going to cause some severe pain in CA over the next few years even before CO2 trading raises prices dramatically. They will be getting hit by both rapid rising fuel costs and a very tight generation market. Lack of generation will force prices higher.

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