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

To: portage who wrote (835)	8/11/2001 1:25:31 PM
From: Bearcatbob	Respond to of 1715

"However, the California situation with its sufficient energy supply currently is more related to conservation, a cool summer, and the price caps removing incentives for withholding supply than any recession induced demand decrease,.." There is a manufacturing recession across the entire country that has diminished the demand for natural gas. The national price is now down to about $3.00 mmbtu - the supply nationally near term is in surplus. Whenever surplus exists due to recession or conservation prices drop hard. There is a small line between surplus and shortage. Leadership in California that would have brought conservation early would have done wonders to prevent the crisis.