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.

Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (3878)	6/29/2001 2:41:59 AM
From: jttmab	Respond to of 93284

First it was Brown of BP that said we don't need to build new major gasoline refineries, now we have Greenspan speaking on energy caps. Greenspan Unafraid Of Energy Price Caps By John M. Berry Washington Post Staff Writer Friday, June 29, 2001; Page E03 In a broad analysis of the state of U.S. energy markets, Federal Reserve Chairman Alan Greenspan last night disagreed sharply with the Bush administration's argument that capping spot prices for electricity in California would discourage construction of new power plants. Greenspan, in a speech to the Economic Club of Chicago, argued exactly the opposite. "Analogies to the economics of office buildings are evident," Greenspan said. "Few office buildings would be constructed in the absence of the ability to reach long-term leases. Short-term rental agreements are no more conducive to new office construction than spot prices for electric power are to the building of new power plants." A copy of the text was released in Washington..... washingtonpost.com jttmab