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To: Bill Harmond who wrote (7250)	5/28/2001 9:23:56 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 57684

Yes on Vrsn, so i see 6 for 1... What's your thoughts on the markets near term.... i'm thinking short term pull back? Bill we the need the E in the PE, i'm thinking the market is going to pause until we see better times for profits. Ot/ I think people are waking up to this; these Oil companies are bunch of crooks! " 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." guardianunlimited.co.uk