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.

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

To: excardog who wrote (83586)	1/5/2001 4:49:12 PM
From: Aggie	Read Replies (1) \| Respond to of 95453

Hi excardog, Another clown weighs in on CA power crisis... Not sure how to take your comment...Is he a clown because he believes that Californians are not exempt from the facts of life? That they are somehow entitled to reasonably expect cheap energy ad infinitum? Or because of their utilities infrastructure's unsecured speculative loans? Or because of the poorly handled deregulation? Not criticising, just asking you to elaborate so I can understand. I don't often buy into Slider's perspectives, but I believe he is solidly correct in saying that debt levels will soon topple under their own weight, and that banks have been up to some rather creative accounting of their inner workings over the past few years. I'm not convinced the utilities should immediately declare bankruptcy, but I'm also not pleased to see the Federal Government stepping in either. Here's an idea: How about the consumers pay their power bills? In any event, California is getting a well deserved dose of come-uppance, IMVHO, for being so unrealistic about consumer strength and overly fond of making sure the dark underbelly of the supply process takes place elsewhere. Anyway....Good luck with your endeavors. Regards to all, Aggie