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

To: Raymond Duray who wrote (413)	6/8/2001 7:18:23 AM
From: Bearcatbob	Respond to of 1715

"I'll make you a prediction. I think we'll soon see enough power generation coming into the California market to avoid most if not all of the rolling blackouts that have been threatened for the summer." I bet you are right - but not as to why. The key will be in decreased demand which will be a direct response to price. When the summer is over we will be able to look back and try to judge. My contention is that the short term disruptions of market costs are far less costly than the long term inefficiencies of government control. The current natural gas market is absolute proof - and guess what - gasoline prices are falling too - all without the government getting more involved to screw things up.