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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (43195)	12/13/2003 6:17:44 PM
From: Condor	Respond to of 74559

Our govenment is addresing this problem by building an energy efficent Hooters resturant. Why would they bother? Who'd notice if the heat was turned off? C

To: energyplay who wrote (43195)	12/13/2003 7:01:23 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

The California crisis also had a physical supply interruption plus higher electricty use by the dotcom economy (lots of new server farms). It's interesting to see that some of the lies of the energy marketers are still being passed around as truth. The fact of the matter is that California's energy demand growth in the late 1990's and beyond never exceeded about 2-4% per annum, and was due to general economic expansion. There was no huge increase in demand caused by server farms. That is an urban legend that was conveniently spread about by Dick Cheney and other weasels who were trying to frighten the California public into accepting new generation stations and transmission lines. It was just a lie. Pure and simple. Almost all of the price action in California from 1999-2001 can be explained as being the result of manipulation, gaming and various market strategems that bore no resemblance to reality. Just look at the stability of public power systems like LADWP to see how dysfunctional the private system was allowed to become. And it still is dysfunctional and vulnerable to new attacks by speculators.