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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Diana who wrote (7389)	4/9/2001 5:02:35 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 15481

Diana, it all depends on whether you think that there is a true shortage of energy or if you think that the situation is manufactured for ulterior motives. Not that I want to start up another conspiracy theory, but don't you think that if there was a true shortage of fuel, that the entire globe would be affected? Any real shortage in a free market (truly deregulated) is a temporary situation that fixes itself through pricing. But, Edison and PG&E are not being allowed to either hedge fuel costs nor charge customers based on their fuel costs. It is my belief that this is a political situation where the state of california is holding a gun to Edison and PG&E's heads in an attempt to take over power distribution in California. My power distributor is the DWP (Department of Water and Power). I have not experienced one blackout...zero, nada, zilch. If this was a statewide actual shortage, wouldn't we all be affected regardless of the fact that some of us are on state owned power? And don't you think that we would have had years of notice that this was going to happen if it was a power plant issue? An important question to ask is if there are idle power plants in california. Power plants that were shut down in the past few years....and then ask why they are not being brought back online....hint, hint, look into another state run agency, the AQMD (Air Quality Management District). I believe that the state government is getting greedy for both power and money. But don't get me wrong, PG&E and Edison walked right into the situation voluntarily. But either way, I believe that the power will somehow manage to flow unfettered once the state sees that the revenue base in california is adversely affected by their political shenenagins. Just my very uninformed opinion.