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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: MIRU who wrote (48222)	9/2/2005 6:50:15 PM
From: ChanceIs	Respond to of 206325

Nostarch I was amused (I know I come off cynically) when the foolish California senior management capped California electric prices, and then were stunned when California producers sent the electricity out of state to receive higher prices. Can you say anything about whether such a move would be possible interstate US with gasoline, or for that matter selling out of the US into Canada. Think about it. Aren't there refineries in Ohio?? If Canada was going to give me say $3.30 wholesale instead of a US capped price of say $2.50, wouldn't I be crazy not to sell the gasoline a few miles north into Canada. Will the US arrest Canadians for offering crude to the US above the US cap??? How can they??? Price caps have never worked. They only serve to discourage supply and create shortages.