Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jack T. Pearson who wrote (39143)	12/22/2000 6:11:25 PM
From: Challo Jeregy	Respond to of 42787

. . . and reform school. VBG!

To: Jack T. Pearson who wrote (39143)	12/22/2000 11:21:26 PM
From: Ace Buck	Respond to of 42787

Jack-Look at a 1 year chart on DUK, DYN, CPN, AES, SO.These guys have bought the Calif utilities power plants and/or are selling into the Cal market through the ISO. Some of them have quadrupled this last year while the 2 biggest utilities in Cal are talking bankruptcy. Jack, if Greenie cuts a separate deal with the Cal utilities to help fund their existing billions in debt, is that the same as giving an interest rate cut? Does someone have info to translate what 25 basis pts converts into $ of stimulated economy?

To: Jack T. Pearson who wrote (39143)	12/25/2000 6:51:52 AM
From: JOHN N.	Respond to of 42787

Jack; It is difficult to be sympathetic with the problems in California with their fanatic attitude toward the environment. I lived there for 16 years. During that time, now more than 25 years ago, I noticed that with regulation of the price of interstate gas Californians decided it was best to ban use of oil to generate power and build multiple gas fired power plants all over the state. After all, they were only paying $1.50/MSCF for Texas gas while the Texans has to pay $6.00/MSCF for their own gas because it hadn't crossed state lines. At the time, I thought it seemed unfair to Texas but liked never having a gas bill over $20 ($40 in the winter) whereas my friends in Texas had $150 gas bills. Its no wonder that oil companies over the last 15 years shut down half of the gas wells in Texas because they were unprofitable. If energy is so short in California then why is it that the San Onofre nuclear power station was shut down? Why has California been on a rampage over the last twenty years trying to remove most nuclear power stations? They have banned use of coal, oil, and nuclear to generate power in that state. Then they want to control the price at fixed levels with no escalation when oil rises from $12-15 up to $32-35. How do they believe that power is being generated in states 1000 miles away coming into California through the power grid? Incidentally, transporting power through the grid for such a distance has a 20% loss of efficiency meaning that 25% for energy was consumed to transmit the power to those prima-donnas in California. (That would mean that such a concept adds that much more CO2 to the atmosphere than if the power stations were closer to consumers. Isn't that inconsistent with the Kyoto convention?) The only new power generation capacity that has been added in California over the last 20 years are those wind mills that you have seen pictures of. I understand that they are plagued with maintenance problems and do not generate power to match consumer demand. It would take around 2000 of them to generate what one average power plant can. I suggest that since they need 20-25 new power plants they erect around 50,000 windmills in California. Most of them should probably be erected around Sacramento as there appears to be a major blast of hot air coming from that location that hasn't been taped for anything yet. I would imagine that Californians will demand that the windmills be paid for with Federal money like the original windmills were so all American taxpayers pay and not just the Californians. Without a federal subsidy, the price of power would have to triple or more for windmills to even break even. Why do you think that there have never been more subsidized windmills installed? And to think that several years ago the state of California legislated that 10-15% of all automobiles in California cities like LA must be electric by the year 2006 or 8 or something like. Very forward thinking weren't they. When they did this they never asked if anyone mass produced an affordable electric car or bothered to find out where the electric power was coming from. After all, it just comes down the wire at cheap prices forever, right? It doesn't matter what OPEC does right? It doesn't matter if we import 65% of our oil right? We don't need a state or national energy policy, right? Sorry for the sarcastic, too long narrative but this kind of scenario happens all too often in la la land. Why don't political officials, both state and federal, consult with qualified technical consultants and find out where energy comes from and why they cannot fix the price where they want to?