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.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: pbull who wrote (39045)	7/21/2001 7:20:38 PM
From: dustcatcher	Read Replies (1) \| Respond to of 65232

Pbull: Ultimately, our water comes from two sources: the Colorado River and snow melt. Not too bad, one might say. However, all sorts of folks have their "dibs" on water from both sources but all of it that gets to San Diego goes through Los Angeles and their water district. That district controls both the amount of water and its cost. It's a little like taxation without representation except that we do have representation on that board--ineffective, but representation, nevertheless. San Diego has several water districts locally. We happen to get our water from the most expensive of them called "Padre Dam," referring to a certain dam and a reservoir. One of the big problems is reservoirs because we don't have enough of them. Therefore, each water district wants to create more. Sound like a good idea? The problem occurs when we have some real rain. When that occurs (not very often, I might add), none of the districts can sell sufficient water to keep their income up to the point where they can create more reservoirs. Then, the obvious happens, they increase how much they charge for water. That's happened to us twice since we moved here in '91. It's a great life. ---Jack---