You Wanted Price Caps California? You Got Em

[charrison]

red,

Then go ahead and continue purchasing power from these corps, that will teach them.

 

[DefRef]

You're delusional and have been locked in a closet with Red Dawn without Beano for too long.

Enjoy the dark, Cali!!!

 

[Helpless]

Could we have another post, red dawn? I didn't quite get the point the first three times you posted it...maybe it's your <enter> key that is sticking from the heat. I would suggest you turn your AC up so...wait...scratch that.

 

[Red Dawn]

<< What college did you go to, and what are you doing for a living right now? >>

I doubt he is getting paid for being the Far Rights bitch like G.W.Buffoon is. Anyway, this isn't the Texas Rangers Baseball Team and Bush isn't making money off of the taxpayers money like he did in that situation.

 

[FettsBabe]

People can't tell a producer how much they can charge; however it would be possible to limit their profit margin. But people also need to understand that if they limit their profit margin that the amount of money the company has to build new facilities, generators, etc. will also be severly limited.

Price fixing is a horrible thing in the world of Economics. If I remember correctly that is covered in basic Eco 101.

 

[MrPALCO]

The best long term help for California, is to let them pay through the nose for power, that is a sure cure for eco-nutcases.

Build enough plants so that you can export power, and you will see your price return to normal.

 

[RanDum72]

charrison,

Is electricity like a grocery item, you don't like the prices don't buy 'em? What kind of reasoning is that? For example, if drinking water could be bought only from this &quot;choice&quot; group of people, what if they price it too high? You don't like it, then don't buy right? Electricity is not a common product, it doesn't have competition. Its essential in maintaining the way of life of Americans and we can sacrifice that just to fatten the already fat wallets of these producers? How fat of a wallet is fat enough? Deregulation is supposed to foster competition among electricity producers but in this case it resulted in connivance to manipulate prices for the sake of profit and not for the common good. The failure of any competition in the pricing of a product means it must be regulated in order to reign in abuse.

 

[Red Dawn]

<< Build enough plants so that you can export power, and you will see your price return to normal. >>

Hey Paltroll, guess what, we are.We'll have 14 new Plants on line in the summer of 2002, you dink. This is a situation that we will have to endure, getting gouged for the Price of Energy is something we now will not have to endure. BTW oh befuddled bitch, we have dropped our consumption level by 13% from last year. I'd say that is pretty God Damned good for conserving and I doubt many of States would be able to do as well if for some reason they found themselves in our precarious position




<< Price fixing is a horrible thing in the world of Economics. If I remember correctly that is covered in basic Eco 101 >>

Price gouging by the Nefarious Energy Pirates is the reason there is a Price Cap. If they weren't such unabashed Profiteers and Hoodwinkers the Price Caps never would have been needed to be put in place. It is their fault and their fault alone for these price caps because of their unscrupulous behaviour.

 

[FettsBabe]

You are right about the energy companies charging to much. However, when you look at what you pay for other products the energy companies profit margin suddenly appears small. For example, bottled water. The profit margin for bottled water is huge! However, people still pay it.

 

[warcleric]

Fetts: people have a choice to not pay for bottled water, and not put themselves at a serious inconvenience for doing so. Although I believe that power is more expensive to produce in the state of CA than in any other state in the country because of the regulations in place, so it would stand to reason that the power is going to cost more.

 

[Helpless]

and I doubt many of States would be able to do as well if for some reason they found themselves in our precarious position


Gosh, you guys ARE great!



[Edit] &quot;It is their fault and their fault alone for these price caps because of their unscrupulous behaviour.&quot;

Yea, everyone else is to blame from your problems....spoken like a true American from the &quot;Blue States.&quot;

 

[Red Dawn]

<< . For example, bottled water. The profit margin for bottled water is huge! However, people still pay it. >>

Bottled water is a luxury, energy is a necessaty and we don't have differnt brands of &quot;Bottle Energy&quot; to choose from.



<< Gosh, you guys ARE great >>

No, we just know how to conserve from our experiences with drought.



<< Although I believe that power is more expensive to produce in the state of CA than in any other state in the country because of the regulations in place, so it would stand to reason that the power is going to cost more. >>

Trust me Bubba, the the regulations have been relaxed dramatically. We are going to have to pay more for Energy, we just shouldn't be gouged by Profiteering Fat Cats with Pointy Toed Boots from Texas and Oklahoma.


<< Yea, everyone else is to blame from your problems....spoken like a true American from the &quot;Blue States.&quot; >>

Look you ignorant Ass (and I apoligize to all the donkeys for comparing you to them)We aren't blaming anybody but ourselves (actually our politicians) for our situation. We are just not going to stand for some greedy rat bastards trying to take advantage of the situation and we are big enough and tough enough to stop them (which we did). You don't mess with California which Enron, Duke, Reliant and those other which those other Profiteering Energy Companies found out the hard way. We aren't done with them yet as we are going to make them pay back the money they tried to rip us off for and probably have them prosecuted to the fullest extent of the Law unless their weasely Butt Brother G.W. Buffoon steps in and uses Dick Cheney's influence to save their thieving hides. Now go play with your Tinker Toys and save your comments for recess and your other pointy headed playmates.

 

[crzyc]

<< Is electricity like a grocery item, you don't like the prices don't buy 'em? What kind of reasoning is that? >>



its called inelastic demand....when price changes demand won't. but the companies will make more money with higher prices and we all would hope that they could build more plants to meet the demand and stop the blackouts. no one should have to go without power, but they should pay the market rate.

 

[MrPALCO]

<< If they weren't such unabashed Profiteers and Hoodwinkers the Price Caps never would have been needed to be put in place. >>



Price caps were allowed in order to avoid civil unrest, among the foolish.

It is never in the best long term interest of a free society to use government to set pricing, your next door neighbor who owns the power company, is the one who pays.

Business is for the Wise, profit is the indicator of those who have planned and executed that plan, when the time is right.

 

[FettsBabe]

While bottled water is a luxury there are other necessities that we pay a huge amount of money for. Gas is a great example of that. Insurance is another.

I own a 2000 Mustang and have a clean driving record. If I got a speeding ticket my insurance would jump from $1000 a year to $2000+. If I got in a wreck today and obtained 3 points my insurance would cost $3000 a year!

How can they expect a common middle class person to pay those huge rates?

I hope Californians attack insurance companies next!!!

 

[Red Dawn]

<< Price caps were allowed in order to avoid civil unrest, among the foolish. >>

Of all your false assumtions, that has to be the biggest. Paltroll, if our government was run by hysterical fools like you there would be public stonings and Debtors Prison.


Earth to crzyc, we have 14 plants under different phases of construction now which will all be online in the Summer of 2002. When that happens Enron, Reliant, Duke and the rest of the Price Gougers will have to look for other saps to try and screw.

 

[MrBond]

I'm curious as to something.

Red Dawn, post your price per kW of power. I'll dig around in my bills and try to find mine. Post your total bill as well. I believe our electric bill for last month was $125, which is about $20 more then usual, due to the air condition being run.

 

[crzyc]

sounds like you will have more competition then, hopefully they don't screw you guys more, i would think a price cap would cause more blackouts, i mean electricity isn't that inelastic.

 

[Helpless]

I hope Californians attack insurance companies next!!!


Me, too! ...and with the money they'll save from no longer having insurance, they could afford to pay the power companies for their &quot;services.&quot;

 

[crzyc]

hey would any economist here like to draw a supply/demand graph for this situation, it seems like a very rare situation. It would be very interesting to see the graph.

supply would be very flat, because obviously right now at any price they will supply nearly the same amount of energy.

demand would be nearly vertical because demand would not shift very much at all with a change in price

so a cap on the price below equilibrium would decrease the price obviously. cause a slight decline in the quantity supplied and a slight increase in the quantity demanded

 

[BreakApart]

Red Dawn,
What i find the most entertaining in this entire mess.

California was/is pushing so hard for Electric cars, yet they NEVER built (1) new electric plant over the last 12 years to provide energy for these electric vehicles. Talk about idiotic...

lol...

 

[MrPALCO]

<< we have 14 plants under different phases of construction now which will all be online in the Summer of 2002 >>



I asked a Man about this, here is what he said:

&quot;Your plants will be ready to produce in 2002?

How does that justify you and other Californians soaking the grandma next door, who owns the power Company, because of your insistence on politically correct environmental folly? Your weapon of choice, price caps.&quot;

&quot;How is that different from holding her up in a robbery, with a gun as weapon of choice?&quot;

What this Man said was troubling to me, but I quickly grasped the seriousness of the choices made regarding price caps.

Chose the free market, it is the best way out of decisions made in folly.

 

[ggavinmoss]

(not directly in response to the price caps article)

Ok, there's obviously a problem with California's energy system, but does that mean we deserve the scorn of other states? &quot;Take our medicine?&quot; Sure, you win. California is really the most evil place in America and we deserve everything we have coming. Right. I forgot, other states don't make mistakes and have blemish-free records for public works/utilities/everything.

Maybe next time I'm in the supermarket, I won't donate money to hurricane/flood relief for the morons who continue to build in the known path of disaster. Actually, I'll probably still drop in my extra change.

And finally, a real comment on the 'crisis': the thing that probably irks me the most is the &quot;insurance&quot; the energy companies were charging because &quot;they weren't sure they were going to be paid.&quot; If this were something like a loan, the bank would tack on a couple of extra points to cover that possibility. They wouldn't raise the price a whole order of magnitude (as Duke energy at one point did).

Fishy stuff.

-geoff

 

[Red Dawn]

<< California was/is pushing so hard for Electric cars, yet they NEVER built (1) new electric plant over the last 12 years to provide energy for these electric vehicles. Talk about idiotic... >>

Yeah almost as idiotic as all your contributions to this thread



<< What i find the most entertaining >>

Obviously it doesn't take much to entertain you. Simple mind simple pleasures.

For those who live in Rio Linda. The energy shortage here in California was brought on by


1) not building Power Plants in the last 12 years

2) Idiotic Politicians(Both Republican and Democrats) led by the Republican Governor Pete&quot;PeeWee&quot; Wilson
forcing a fubared Deragulation package on us the Taxpayers when it was obvious that we had a Deficit of Energy (Deregualtion only works when there is a Surplus) Why did he do this? Well at the time the Fromunda Governor was running for President and since Deregualtion was a Republican &quot;Holy Grail&quot; at the time he wanted to look like one of their Golden Boys. Luckily for America his Presidential Campaign Floundered but unluckily for us here so did the Enenrgy situation.

 

[Red Dawn]

Paltroll

<< I asked a Man about this, here is what he said: >>

Get away from my kids you weirdo!