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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Sunny who wrote (36702)	12/15/2000 7:19:15 PM
From: LindyBill	Read Replies (1) \| Respond to of 54805

It is bad, and getting worse, Sunny. Spot gas at a Calif well head is 16 times! what is was a year ago. The utilities out here are not being allowed to pass on the electrical costs they are paying, and they have eaten 7 Billion! that they can't pass on to Calif consumers. They are so near bankruptcy that the out of state electrical producers don't want to sell them any juice because they know they won't get paid for it. The energy Secretary stepped in yesterday and is now forcing them to sell to them, at a fixed price. The local producers shut down for maintenance, and the Air Pollution control board is refusing to let them get back on line without about a 7 Billion Dollar upgrade in pollution control equipment, so they are staying off line. Nothing will get down until we are in blackouts here. I am going to buy a backup for my computer and phones so that I can stay on line. This whole situation is straight out of "Atlas Shrugged".

To: Sunny who wrote (36702)	12/15/2000 10:22:43 PM
From: tfrugal	Read Replies (2) \| Respond to of 54805

<<I find it interesting that everyone is raising the roof about the high cost of oil when natural gas is >4x the rate it was a year ago>> I think this is an example of how the markets are not efficient: "everyone" lumps oil and natural gas under energy, just like compact flash is lumped in with computer chips... I think that we have a few things lumped together in regards to the energy "crisis". Natural gas industry is being deregulated is it not? That is separate from any "onerous" environmental laws. I believe that the California situation is environmental, but the rest of the country is more deregulation. Enron and Dynegy are two deregulation plays....So in natural gas DEREGULATION is playing a part in the rise. <<there has not been a refinery built in the US in the last 15 years because of the onerous burden associated with environmental laws>> Where I live, we lost a Marathon refinery (Rock Island) because it couldn't make money NOW, due to low margins on cheap oil. The fact that they couldn't keep their products out of the local watershed (dumping waste down storm drains) just made them unpopular. <<we are living with the result of the administrations failure to manage the market for oil... Gore called for congressional hearings because the US energy industry sold at market prices. talk about ridiculous.>> I heard a story that the US oil co's let the refinery capacity slip so they could to a more advantageous supply/demand price point. The key point being that the restriction is in refinery capacity, not oil supply. I don't know if this is illegal, or even worth a congressional investigation, but ridiculous? All the acrimony due for higher fuel at the pump is ridiculous too, I suppose. Do you work in the oil industry? Were the Hunt bros cornering silver years ago worth an investigation? << if we refuse to recognize the cost of overly strict regulating we will surely pay the price>> Like being able to actually eat the fish that I catch? Or maybe just eliminating the regulations that require fsh to not be hazardous to my health? That word overly is the one that needs defined.... One thing about Gore: his views on the environment are recorded and in a hundred years or so either he will be the one that defined us as the generation that traded the future's health for personal gain, or just another crackpot who said the sky is falling... <<maybe god planned it that way. it is time to address some of the issues outlined above and he wasn't prepared or inclined to do it.>> Who is "he", your God, Gore or Bush? Sorry if this rubs you the wrong way, I just thought that there might be other reasons my fuel costs are rising as fast as my portfolio is falling other than environmental regulations.....