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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (19804)	2/23/2002 11:59:13 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 281500

You are, categorically, a sucker: Message 17104782 And I'm so disappointed that I can't fleece your retirement like the home-grown terrorists who destroyed you. Superior minds think you don't deserve your lifestyle.

To: LindyBill who wrote (19804)	2/24/2002 5:45:15 AM
From: frankw1900	Read Replies (1) \| Respond to of 281500

LindyBill, you're right of course. The California energy farce was set up so that companies could not buy in forwrd market. They were compelled to buy on spot market. Los Angeles County power, if memory serves me correctly, having its own generating facilities, and being owned by its customers, didn't participate and didn't get into the jam. The incompetents in Sacrento are still trying to cover their tracks. Apologists for the absurd affair have ever since tried to blame everyone except the economically incompetent politicians who created the mess. If you divorce the producer from the marketer/distributor, then the marketer has to buy forward or he has no surety of price and is captive of every nuance of the spot energy market. There was no free market in power because the California government forbade the distributors from getting assured forward delivery at a contracted price. Ray,of course now will say the corporate demons made the politicians do it.