Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Thomas A Watson who wrote (444244)	8/17/2003 1:11:37 AM
From: Kevin Rose	Read Replies (1) \| Respond to of 769670

Revisionist bs. The problem was that the energy companies manipulated the energy market in a number of effective ways, including: 1) Reducing supply of contracted energy by shutting down in-state power plants under false pretenses of 'repairs'. 2) Withholding surplus out-of-state energy until the 'market' price spiked. 3) Illegally rerouting in-state generated electricity out of state, and in some cases back into the state, at exorbitant prices. 4) Employing various trading strategies aimed at manipulating spot market prices (e.g. Enron's 'Death Star' et al). There is no such thing as a 'deregulated energy market'. There must always be some regulation, because a market without ample competition cannot be an 'efficient market'. Study up first before entering the fray, Mr Watson.