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Pastimes : The California Energy Crisis - Information & Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeuspaul who wrote (371)	6/2/2001 1:42:13 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 1715

Zeuspaul, I find myself largely in agreement with your views of the situation in Cali. However I must take exception to this statement: What we are seeing in California is a natural market event Nothing could be further from the truth. What we are witnessing is the endgame of a contrived manipulation of the legislative process by some extremely clever, motivated and sociopathic manipulators who seduced a naive legislature into handing over the assets of the richest state in the nation to a bunch of scam artists. Let me know if you want me to explain to you how there is absolutely nothing "natural" about this situation in the least. It is utterly contrived. Just for starters, take the advice of the president of my local electrical co-op, who's sweating how much of a price shock he needs to pass along to me. His simple question is this: "Can you follow the money?" If not, then you don't know where the center of power in Washington has migrated to. And it isn't on the left coast. That's a certainty. (BTW, does anyone on this thread know which state Antonin Scalia hails from? It's an interesting, parochial question I don't have a ready answer to..... Hehe.) Best, Ray :)

To: Zeuspaul who wrote (371)	6/4/2001 11:19:22 AM
From: Don Knowlton	Respond to of 1715

>Agreed and that is my point. If the market is the best way to work the electric energy supplies then prohibiting long term contracts would be the way to go. California is in a market situation more than any other state. Obviously the market system isn't working out to well for California. It is a rather good deal for the independent power producers...at least in the current situation.< Why do you think a long term contract has nothing to do with markets? Ever heard of the futures markets? The spot market is not the only market. Prudent buyers make use of both.