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.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (135730)	5/21/2001 1:27:30 PM
From: Paul Engel	Read Replies (2) \| Respond to of 186894

Amy - re: "I've never seen Senator Boxer (CA) ever say anything politically as strong as what she said about Cheney " Funny - California is leading the energy crisis problems - and Boxer is a Senator from California - and has been for about 8 years. She's just doing her political sleazineess to deflect problems generated on her own watch. Sleazy politics - from one of the best. By the way - in the mid to late 1990s - when Oil had dropped to $12 to $15/barrell - and the oil companies were experiencing low profits - and oil exploration was dwindling (when Cheney was actually running one of these companies) did Saint Boxer pound on Clinton to investigate why many of Amreica's fine corporations were experiencing dwindling earnings ? Paul

To: Amy J who wrote (135730)	5/22/2001 9:21:48 AM
From: Scumbria	Read Replies (2) \| Respond to of 186894

Amy, Check this out. Looks like the whole energy crisis is a scam. I wonder if Bush is directly involved? There is no energy crisis in California. In case you need more evidence, check this out. In December, the lights went out in southern California, the price of electricity jumped 1000% over the previous year and the price of natural gas jumped 1000% in one week. Power shortage? Nope. The California power grid operator reported that, just over the California border at the 'Henry Hub' gas pipeline switching centre, you could buy plentiful gas for $1 (£66p) a therm. A couple of miles down the road in California, the price was $10. By golly, it turns out the two power merchants that controlled the biggest pipe into California simply blocked part of the tube. Result: panic, price spikes and black outs. Market speculators made half a billion dollars on that cute little manoeuvre. In all, says last week's report by Dr Anjali Shiffren of the grid system, "monopoly rents," "economic withholding" and "physical withholding" were responsible for artificial shortages and excess charges of $6.2 billion last year - half the state's light bill. In other words, California did not run out of energy, it ran out of supplies of government. Until two years ago, California regulated electric companies. Then Mr Davis' predecessor, a Republican governor, 'de-regulated' energy, and the state became a pricing predators' picnic. guardian.co.uk