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To: hobo who wrote (181)	2/19/2001 2:22:08 AM
From: Raymond Duray	Read Replies (2) \| Respond to of 51716

"and now Electricity is deregulated (almost -- not all states have passed it I believe) Here's a thread I've posted some information and opinion on lately, re: the California energy "crisis": Subject 50623 The majority of states (38) have not passed deregulation and in view of the fiasco in California, I think the pipe dreams of the free marketeers are going to be postponed indefinitely. The market has proven to be a fickle and vicious bride for the de-regulated utility industry. So.. what is next ?? : More volatility in the equity markets. Unsettled credit markets. Nervous FRB. Nervous consumers. Nervous employeees. And a guarantee that natural gas will never return to $2/MCF. Other than that, life's uncertain. Therefore, eat dessert first. Best, Ray :)