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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (172312)	8/17/2001 2:32:28 PM
From: DavesM	Read Replies (3) \| Respond to of 769670

Then why did electricity hit $1000 per MWhr in New England last week?

To: American Spirit who wrote (172312)	8/17/2001 8:18:06 PM
From: Brumar89	Read Replies (3) \| Respond to of 769670

Jeffords switched May 24, prices went straight down after that. Check it out. The chart below shows spot natural gas price beginning a decline in January that ran through July. Nothing significant about 5/24 that I can see. wtrg.com This chart of spot unleaded gas prices show prices peaking a little before Jefford's dropping out of the party. wtrg.com Do you have any sources one can independently check which will show what you claim? I don't know of any. The biggest problem with your theory is that you assume that energy prices aren't produced by supply and demand forces. You seem to believe that energy producers can simply put prices up or down at will. I think the only individuals who can on their own affect prices are the OPEC oil ministers (particularly the Saudis). Even they can't simply proclaim a new price level by fiat - they have to engineer price rises or drops by changing their production levels - in other words by changing the supply side of the equation. And even for them this isn't a simple matter as they don't control all of the supply side, have to forecast what demand will be, and the various members have different cash needs and different incentives to cheat on their allocations.