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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (10246)	8/22/2020 8:01:22 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 26438

LOL! And so true. Did you think it up yourself?

To: Kirk © who wrote (10246)	8/23/2020 10:21:42 AM
From: robert b furman	Read Replies (1) \| Respond to of 26438

Hi Kirk, We get what and who we vote for. When politicians embrace bad ideas from environmentalists with unrealistic goals and demands - everyone pays. Looks like California was warned and had some very poor leadership, who made some very poor decisions. A Self-Fulfilling Prophecy California could have avoided this outcome if it had listened to the voices of reason opposing this shift away from reliable energy sources without adequate planning. The fact that the shortfall is only now becoming an issue is a failure of policymakers to prepare for this eventuality, according to California ISO President Stephen Berberich: “The situation we are in could have been avoided, there is inadequate power available during the net peak, the hours when the solar [generation] has left the system.” Natural gas-fired power plants support peak electricity management with their rapid output capability, making them an important part of the grid system, even as renewables become more integrated into energy streams. In fact, California Public Utilities Commission President Michael Picker predicted that the lack of this capacity could cause an energy crisis in a 2018 report on the state’s shifting energy landscape: “If we are not careful, we can drift into another energy crisis.” Similarly, CPUC member Clifford Rechtschaffen explained: “We still need gas for renewables integration. We can’t jeopardize reliability even though we know where we want to go in terms of long-term decarbonization.” The warnings were never heeded. Conclusion California is now facing a serious problem. Unfortunately, Californians are now the ones suffering the consequences of policies that catered to activists’ calls for a swift transition away from natural gas, without an adequate energy supply and despite the warnings from power generation experts – the grid and utilities operators that intimately understand the state’s energy needs – and could be facing similar situations in coming summers, as well. Vote the incompetent bums out ! Bob