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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (4141)	6/25/2001 4:04:38 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 33421

Ray - I am not a green activist. Even completely disagree with their politic's (hidden) agenda. Remains that I have seen many encouraging examples and my current opinion is that fresh water supply, waste management and other environmental techniques could be the next industrial revolution (you know, K-Cycles and all that fastcompany.com ). Just felt that these discussions clutter John's Market Lab thread and belong elsewhere. 'Bout elections: yeah, Japan and Europe reacted exactly on the arguments of your post. And third world countries already started auctionning their carbon credits.

To: Raymond Duray who wrote (4141)	6/25/2001 10:33:05 AM
From: Hawkmoon	Respond to of 33421

But I'm an American who just doesn't "get" Prince George's antipathy for science, technological advancement and fair markets. Sorry to interject here Raymond.. But after that post you sent me this morning over on the California Energy thread, I'm having a bit of trouble containing a snicker at your comment above. It would seem, imo, for you the definition of "fair" is similar to Clinton's definition of "is". It's hardly fair for California to demand that private power distributors buy power at spot market prices and sell it to customers for less than it cost. As a result those distributors are now bankrupt, and the state has had to assume billions of dollars in debt to assure payment for the power the distributors could not afford to buy for their customers. California was looking forward to a $12 billion dollar budget surplus, but that has been shot all to hell now. Was that fair to the taxpayers? Is it fair that, for years, utility companies were artificially relegated to less than 5% ROA, leaving them operating on such slender margins that there was little risk incentive to invest money in R&D for newer technology and pursuing the "science" of power generation? Europe, with all respect to Louis, is a prime example of how government regulations and policies an impeded economic growth. They now face the dual risks of economic decline and heightened inflation, also known as Stagflation. The ECB cannot cut rates further out of risk of further weakness in the Euro. And companies can't streamline their operations, or lay off their excess workforce because of new regulations (pending?) where trade unions will be given a voice in corporate managerial decisions. And the government is over-taxing everyone to pay for all the political promises and entitlements they doled out in order to get elected on their socialist platforms. Is that fair? Hawk