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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (82767)	12/26/2000 9:20:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

I was trying to find the post from this morning about the banks being in great shape in California. Here are some folks who would like to weigh in. It's long but gives a good feel for what is going on in the business community there. Not good!! WARNING: This is a very depressing article. It has tempered my excitement about my good fortune. energycentral.com "If I hadn't shut down, my bill would have gone from $34,000 to $290,000," said co-owner Lou Neve. "Now, you tell me how in the worlda person can stay in business with a gas bill like that?" ... You just wait, this will spread to everyone," said Rodney Ewing, plant manager at the Nor-Cal Perlite company in Richmond, which cooks volcanic pellets to be added into planting soil. Among his big customers are plant growers, and as they cut back, Ewing isscrambling to make sure his sales stay up. "This is a disaster in the making, and most people don't know it yet," he said. "But they will, believe me." ... So he ordered the plant shut down as of Dec. 1. All but 16 of themill's 460 workers were laid off. ... Dairies that saw their gas bills swell from $90,000 a month a year ago to an expected $900,000 a month in January are already planning to raise milk prices about 15 cents a gallon next month. Farmers growing everything from eggs to oranges are also contemplating passing on their higher costs,and even coin laundries are readying new rates. ... etc, etc, etc