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: gamesmistress who wrote (457)	6/12/2001 1:53:52 PM
From: Father Terrence	Read Replies (1) \| Respond to of 1715

That is a good argument, Gina. But then you would create an entirely artificial situation and any semblance to a free market would cease to exist. The real crux of the matter is the so-called "regulations" actually violate the Constitution and there should be no limit on profits at all. There is no such thing as an "obscene" profit. Only obscene bureaucrats.

To: gamesmistress who wrote (457)	6/12/2001 4:37:11 PM
From: Don Knowlton	Read Replies (1) \| Respond to of 1715

Gina, You make an excellent point. Most commodity producers are deep pocketed companies that can afford to hang on through the money losing years. Then they make their money when the sun shines. In the long run they hope the net effect is on the plus side. -- I've been there and done that in the chip business. If the California government is willing to subsidize these companies in the bad years to keep them profitable, then demonizing them for their high profits in good years could arguably be fair. Do you think Gray Davis would be willing to guarantee to subsidize them in the bad years in order to get "fair pricing" today.