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

To: Second_Titan who wrote (84821)	1/20/2001 9:15:36 AM
From: Second_Titan	Read Replies (1) \| Respond to of 95453

Article is example of why I increased my OSX holdings on Friday. Hoping Bush will say enough to either light a fire in the patch stocks or at least offer support during this weak season for energy stocks. Bush Team: Price Caps Won't Solve Calif Power Crisis Dow Jones Newswires WASHINGTON -- President-elect George W. Bush doesn't support price controls as a solution to California's mounting electricity crisis, a Bush spokesman said Friday. "The president(-elect) does not think price controls are an answer to our nation's energy problems," said spokesman Ari Fleischer. "He sees very little evidence, if any, that price controls work, and that is a very unlikely solution, in his opinion." Soon after his swearing-in Saturday, Bush is expected to appoint as chairman of the Federal Energy Regulatory Commission a staunch opponent of price caps: current FERC commissioner Curtis Hebert, Jr. Hebert, the lone Republican commissioner at FERC, argued strongly against FERC orders setting wholesale price caps in the Northeast and criticized, but voted for, the so-called "soft cap" of $150 per megawatt-hour imposed in California. Asked about the prospect of California's electricity problems spreading to other states, Fleischer said Friday that Bush is more concerned about a broader energy crisis already faced by the country prior to California's recent woes. The president-elect plans to address the national crisis with a program that includes increased access to federal land for oil and gas drilling, overhaul of regulations on pipelines, refineries and power plants and investment in clean-coal technologies.