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.

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

To: Raymond Duray who wrote (427)	6/11/2001 12:35:48 PM
From: Sam	Read Replies (2) \| Respond to of 1715

Some letters responding to Palmer's tirade against Lockyer's tirade against Enron: Lockyer Reflects State's Frustration Re "'Hi, My Name Isn't Justice, Honey,' and Shame on Lockyer," Commentary, June 6: Nobody in his or her right mind takes state Atty. Gen. Bill Lockyer's comments about what he would like to do with the Enron Corp. chairman literally. Obviously Lockyer is not condoning prison rape. I see Tom G. Palmer's commentary as a demagogic attempt to seize the moral high ground. In fact, Lockyer, with his rather poor choice of hyperbole, was reflecting all Californians' frustration and anger at the huge Texas energy cartel. The Federal Energy Regulatory Commission needs to do its job instead of being a lackey for big energy. Stephen Berk Carlsbad * Palmer is absolutely right when he suggests that Lockyer should be removed from office. For any public official to declare rape an acceptable form of punishment for anything is a heinous crime in itself. I do not want this man representing the justice system that is there to protect the people of California. Melonie Matjeka West Hills * Why isn't it criminal behavior when power producers' profits quadruple because of supply manipulation and seniors cannot afford to turn on their air-conditioning in sweltering heat, or a traffic light goes out and causes a fatal accident? The attorney general is right in thinking it should be. In California, corporate managers who know of defects in products but do not disclose them are personally liable. Why shouldn't this apply to energy producers who had to know that the "unscheduled maintenance" that shut down a record number of power plants would wreak havoc on Californians? Kenneth Lay, chairman of Enron, which profited greatly from Californians' pain, is at least guilty of fraud. We should applaud an attorney general who recognizes that the profiteering of corporate pirates is at least as criminal as the heists of convenience store thieves. Jamie Court Executive Director Foundation for Taxpayer and Consumer Rights Santa Monica

To: Raymond Duray who wrote (427)	6/11/2001 1:53:31 PM
From: Father Terrence	Read Replies (1) \| Respond to of 1715

The real bottom line is: No one has a right to energy, nor a right to anything anyone else has produced, no matter how great the need. That is capitalism... untainted by any vestige of Marxist-like socialism.

To: Raymond Duray who wrote (427)	6/11/2001 3:38:59 PM
From: Don Knowlton	Read Replies (1) \| Respond to of 1715

Ray, "BTW, did you happen to see the news today that ENE has now decided that they want to start commodity trading in semiconductors? They're going to start with DRAMs. This should do wonders for industry price stability and sensible planning among the semiconductor manufacturers." Ray, I have been in semiconductor memory marketing for over 15 years. There was a DRAM futures market in Asia (Japan?) in the 1980s. It did not do much to stabilize DRAM pricing if my memory serves me. I don't know if that market still exists. They used to have futures price quotes in the Asian newspapers. I've come to the conclusion that any industry with high capital costs, high fixed costs, and low variable costs will be highly cyclical. A futures market could smooth things a little, but the peaks and valleys are still huge. Don