Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (102674)	5/16/2001 2:11:47 PM
From: LLCF	Read Replies (1) \| Respond to of 436258

Cool article. dAK

To: flatsville who wrote (102674)	5/17/2001 5:43:44 AM
From: portage	Read Replies (1) \| Respond to of 436258

Hey flatsville, I think I've changed my mind. After reading your article, I think the first one to be jailed ought to be Pete Wilson, not the gougers. This guy, perhaps our worst governor ever, nearly single handedly brought down the state's budget and normal functioning through this action (when he wasn't busy race baiting). With help from a cast of idiots. I just got back from a vacation in Hawaii, where I fortunately got to escape all this nonsense for awhile. Saw lots of solar panels on new housing developments - a sign of 'personal virtue' no doubt. I'm past even debating this rubbish - it's clear that serious gaming was planned and has gone down, and FERC and the jerkoffs in the White House are in on the gig, at least in spirit. Skeeter and tippet seem on target to me in their comments earlier -- and if tippet's right that the power companies' greed was always there, and the responsibility lies with public policy, then it makes it more imperative that the only agency with jurisdiction remaining get involved in the short run -- that's FERC. Rebate the gouging, force penalties on the gougers, and cap prices temporarily, higher than anywhere else in the country -- but not 1000%, 2000%, or 3000% higher than the prior year -- until the mess is resolved in the interest of the public and the power providers both. There are damn good reasons we've had regulated monopolies and trust busting in the past, and toying with ideologies to re-learn what we learned a century ago is destructive and foolish. Deregulation may work when all the bases of supply, demand, transmission, production, etc. are adequately and carefully constructed, and no external shocks occur, nor is gaming enabled, but the purpose of maintaining regulatory oversight is to prevent the manipulation of this basic need from getting out of control. It's out of control now, and the fox is guarding the hen house. Looks like the evidence is pouring in to support what common sense has been telling us. When FERC's own analysts (not their political appointees) and company memos themselves say so, what else can I say ? : NATURAL GAS: Experts says market probably fixed sfgate.com Memo suggests Texas firm manipulated gas market sfgate.com