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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Joe Lyddon who wrote (51980)	6/5/2001 9:37:33 AM
From: moufassa7	Read Replies (1) \| Respond to of 57584

Joe, let me get back to you AH on that. Meanwhile LU [my biggest position] is rockin.

To: Joe Lyddon who wrote (51980)	6/5/2001 9:38:41 AM
From: Catfish	Read Replies (1) \| Respond to of 57584

When the price of energy rises high enough, the demand will level off. So, let the price rise, and buy fuel cells when they become commercially available.

To: Joe Lyddon who wrote (51980)	6/5/2001 9:47:17 AM
From: Rock_nj	Respond to of 57584

Government regulation and price caps in the utility industry have worked well for decades in most of the U.S. That's exactly what your state Board of Public Utilities (or similiar agency) has been doing successfully for years, by regulating utility rates. The California "deregulation" was a half-baked scheme that was destined to fail since it only was a partial deregulation. They should have either kept the old system of regulation that was working for decades, or replace it with a fully deregulated market. This silliness about regulating retail prices but letting the market take care of wholesale prices is to blame. Also, not letting utilities enter long term contracts is uncessary meddling. BTW, count me in as a liberal treehugger. :-) The environmental movement gets some of it's strongest support from upper income voters. We're the wealthiest country on the face of the earth. We can afford a strong economy and clean environment to enjoy and pass on to our childeren.

To: Joe Lyddon who wrote (51980)	6/5/2001 6:03:40 PM
From: maverick61	Read Replies (1) \| Respond to of 57584

Boy, looks like I missed some fun today - both in the market as well as on the thread debating energy. Oh well, I was volunteering at my daughter's school running an event for track and field day and had a great time. But Joe, I disagree with you completely - the federal government should not meddle in the California energy situation. The politicans and citizens out there got themselves into this situation, why should they look for Uncle Sam and the rest of the country to bail them out. Harsh medicine - yes indeed. But I believe just medicine. Its time people take personal responsibility in this country for their actions, and when things go around, don't look for the easy way out. So, price caps - no way. My solution is let the free market reign. The price will eventually rise to a point in California where demand will level off as people make choices. Maybe they will go without that A/C all day, or turn the thermometer up a few notches. On top of that, I would suggest the politicians there pass regulations that would enable the power companies to quickly move forward with building new capacity. And yes, that means in places where some folks may not want it. But again, that goes back to personal responsibility. If you want to benefit from using the power - don't just rely on importing it from out of state power companies. You need to build generating capacity in state yourself (and by you, I refer to the state of CA, not any one person). Sure, it will take a while to get the new capacity online - but if the state can streamline their myriad of regulations and restrictions, the better chance of this occurring sooner than later. Sure, my solution isn't as easy as saying putting price caps on all those big, bad enegry suppliers. After all, they are evil - and the people are good. Those big bad power companies don't deserve to make any profit importing power to CA - especially when they are generating it elsewhere. But you don't live in a perfect world (although some Californians I gather seem to think they are entitled to living in one), and its gonna take some pain to get out of the hole. But its a hole California dug for themselves. So what is wrong with them finding a way out themselves?