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Pastimes : I've Been Dubbed A Clown and Banned -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (463)	4/21/2001 9:56:08 PM
From: t2	Read Replies (1) \| Respond to of 1735

Bay Area Economic Forum Quantifies California Power Crisis: Billions of Dollars and Thousands of Jobs I have a simple answer for you if you are interested. Remember Y2K and the fear of a recession. Now we Energy2K1...fear of recession is there..high costs etc... What happened with Y2K...technology purchases went up. What will happen with Energy2k1--they will overbuild capacity, get newer power sources to use sooner than planned; high energy also means development of newer, cleaner sources a lot faster than what would have happened if oil and gas were at early last year's lows. Oil is surely going to tank in price...the longer it stays high, the bigger the fall. Overcapacity!---which then means Energy prices tumble accross the board. It is only a matter of time. We will have solved the energy problem. Whereas technology spending created a boom ahead of Y2K and the bust followed later, the exact opposite will happen with energy and it may be going on right now. These ideas may seem like they are from left field right now but give it time. JMHO. BTW--I suppose this is not the kind of post that gets me back on the Clown Free Thread. <g>