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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (11464)	2/21/2001 4:30:42 PM
From: Bruce A. Thompson	Read Replies (1) \| Respond to of 30051

Tim, California has a perfectly good (but shut down) almost new nuclear generating plant. Why not restart it or convert it to coal or NG? That would almost immediately put over 600 megawats on line. As for drilling, the environmentalists have to accept the blame for 95% of the reason new drilling is not happening. You should thank God that GW has a whitehouse full of oil executives. They will solve that problem. BT

To: Logain Ablar who wrote (11464)	2/21/2001 4:42:31 PM
From: Bosco	Read Replies (1) \| Respond to of 30051

Hi Tim - re: CA energy crisis. As I ve pointed out, I am well aware of the curent admin's rationale of denying assistance. However, State right should not be one of them, since the state in question has requested assistance, implicitly if not explicitly. I think your solutions are reasonable. Some are easier than others [hydro is still a difficult thing, even if the pro business side wins, since the lead time is long and issues deep rooted.] In fact, power generation plants are put together with 2 or 3 shift workers as we speak Should the Fed step in with taxpayers money, taxpayers not from CA. It is a toss up. CA is the biggest GDP generator of the nation amounts to 1/6 [this may be old stats from memory, so I can be wrong] One's face is not fine if one has a broken nose <g>! Still, I reckon it is a contentuous issue depending on one's perspective. However, the Fed govt did bail out Chrysler, Mexico, LTCM etc etc. I think no one can deny the deregulation process was a flawed one, and since the bill was passed with a GOP governor with support from both sides in the legislature, CA politicians as a whole is to blame, irrespective of party affiliation. That needs to be fixed. However, this is like telling a person with an lethal allergic reaction in ER that s/he should stop eating peanut <vbg>. I also understand the supply and demand issue. Still, ng shortage is kind of counter intuitive. Again, the State of CA has no excuse, even if the oil & ng industries can afford better MBAs to stick it to the former. But that is irrelevant. The question is, is the federal govt being too rigid in its philosophy to see the consequence of its [in]action may cause greater calamity? best, Bosco