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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Trinchero who wrote (146655)	5/20/2001 7:58:07 PM
From: Peter O'Brien	Read Replies (3) \| Respond to of 769670

Pat, were you sympathetic to the energy companies when they were losing their shirts in 1998-1999 when energy prices collapsed? They weren't making anywhere near a "fair profit" back then, and many of the smaller companies were losing money. The energy service industry was decimated as exploration budgets were severely curtailed. In fact, that's why Gray Davis wouldn't sign any long-term contracts. He thought the low spot prices would last forever. Wasn't Gray Davis "gouging" the energy companies back then? Regarding the $1900/mwh price, the CEO of Reliant has responded to this on Friday. No reply yet from Gray Davis... biz.yahoo.com The ballyhooed price of $1900/mwh was apparently only for a small amount of generation from old plants that can only run a few days per year due to environmental restrictions. Pat, would you be willing to temporarily suspend the environmental regulations on running such plants? If you want the federal government to step in and impose temporary price controls, shouldn't Gray Davis be forced to resign first as a condition of doing so? After all, that's what happens in the private sector when a company has to be bailed out. The existing executive is first ousted. Why should California be any different?

To: Patricia Trinchero who wrote (146655)	5/20/2001 8:39:55 PM
From: Peter O'Brien	Read Replies (1) \| Respond to of 769670

Pat, please look at this annotated oil price chart since 1970. eia.doe.gov Please look at point #57 on the chart: "Oil prices continue to plummet as increased production from Iraq coincides with no growth in Asian oil demand due to the Asian economic crisis and increases in world oil inventories following two unusually warm winters." It seems to me that Gray Davis was taking advantage of the situation back then (Asian economic crisis, and unusually warm winters) to "gouge" the energy companies. Back then, were you in favor of the federal government stepping in and insisting that Gray Davis pay an artificial minimum "fair" price to the energy companies instead of "gouging" them at the abnormally low and "unfair" spot price?

To: Patricia Trinchero who wrote (146655)	5/21/2001 7:36:57 AM
From: JDN	Read Replies (1) \| Respond to of 769670

Dear Pat: Seems others have answered the reason for the high costs. If you think about it, this being a Capitalistic society and free market and all What the Gov. of Calif espouses really makes NO SENSE AT ALL. I think he is just trying to save his own skin, which likely doesnt deserve to be saved, but from my friends in Calif. it seems any idiot can get elected out there. Strange place, I love to visit but I could never live there. What concerns me more then this bump in the road is that what I would think are normally intelligent people such as you and Scumbria can be so Naive as to believe the BS that comes out of Politicians mouths. I for one ALWAYS believe management over any politician when they state a case. JDN