SI
SI
discoversearch

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

To: Bearcatbob who wrote (1108)2/21/2002 2:28:11 PM
From: Quincy  Respond to of 1715
 
"California who provided subsidized power while the actual cost was avoided"

Who subsidized it?

" Had the actual cost been passed on the demand would have fallen rapidly and the price with it. "

If you are writing a textbook, this theory is a good argument for deregulation. But, the reality is human greed takes over. Conglomerates withhold generation and manipulate prices just because it is so easy to do with electricity.

Deregulation will end along with the market manipulation.

The artificial crisis is coming to an end.



To: Bearcatbob who wrote (1108)2/24/2002 2:15:17 PM
From: Roger A. Babb  Read Replies (1) | Respond to of 1715
 
Bearcat, California taxpayers were subsidizing Enron and other energy providers, not the consumers. The high prices were not the fault of high demand or low supply, but rather manipulation by Enron and others with the bought permission of government. Let's just be thankful that this scheme collapsed before spreading to all states and let's hope that our state officials learned enough to avoid future scams.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News