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

To: Daniel G. DeBusschere who wrote (785)	8/1/2001 4:08:12 AM
From: portage	Read Replies (1) \| Respond to of 1715

You're overlooking the history and arguments related to this entire situation. Can't remember these price swings and extremes ever happening in the regulated energy environment during the 20th century, can you ? Me neither. I never noticed a problem until this deregulation came along to save us. I'm not going to repeat the entire evolution of this nonsense again. Just how would Wilson have done had he been forced to clean up his mess, or Enron and company have helped us come out of this better, when you yourself say they're driven by their greed ? We'd have paid several times more. It's control of the abuses that occur all too easily that was/is lacking. That's the government's role, which FERC totally abandoned. So Davis was left holding the bag. What do you prefer, the current $70/mw spot with some long term contracts at $130, or the $1,000 /mw+ under artificial shutdowns in a spot market, and swings of several hundred percent per month depending on how well they can game the system ? Buying and using electricity, as we've explained here ad nauseum, is different than buying gas/bananas/or a book about baseball. If you read back through the thread, you'll see how the manipulation and bogus shortages occurred. I'll go with the empirical evidence of what happened when the gougers were set loose, instead of more free market platitudes, thank you.