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To: Don Lloyd who wrote (103038)5/17/2001 7:28:33 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
yep...what a loon. typical politician...

<<The supply-and-demand principle points to three ways of creating an energy crisis. One, legislators and regulators fix energy rates that do not allow for rent, labor, and profit to bring it thither. In modern terminology they set energy prices below market prices. Two, legislators and regulators do not set rates but prevent producers from meeting a growing demand through stringent emissions and zoning rules, which causes the rates to soar until there will be a "rate crisis." Third, legislators and regulators may do both, fix rates below the market and prevent the supply from adjusting to the demand, which is bound to create a double-prong crisis. California political leaders chose the double-prong approach.>>

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