Freedom 
Keys
a collection of amusing, 
fascinating, insightful, or 
maybe even useful 
information
Now, About That 
Electricity Mess 
in California...
..................................................
Get
YOUR OWN
Electricity
Generator
HERE!


An economist's view of what could be the right way to deregulate electricity is HERE.
More ways of looking at it are HERE.

Some well-meaning but ignorant people (and some well-informed, but delibertately lying demagogues) are saying it's due to "deregulation."  But wait a minute.  The state government mandated where and how power companies must buy power at wholesale.  And forced them to sell their power-generating facilities.  And delayed and prevented construction of new power plants.  And they  NEVER removed the ban on competition within THE SAME GEOGRAPHICAL AREA.  And they NEVER removed their caps on RETAIL prices.  And more.  You call ALL THAT "deregulation"???  Huh???  Give me a break!
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   "One of the most important reasons for studying history is that virtually every stupid idea that is in vogue today has been tried before and proved disastrous before, time and again." -- Dr. Thomas Sowell

"Those who cannot remember the past are condemned to repeat it." ~ George Santayana, The Life of Reason, 1906

CALIFORNIA TRIES TO IGNORE WHAT HISTORY TEACHES US ABOUT PRICE CAPS HERE.

"Since the 2001 electricity crisis, two California utilities have become insolvent, the state has entered long-term contracts to buy electricity at exorbitant rates and the electricity trading industry has gone into near collapse ... [due to] conflicting policy directions being pursued for the industry at the state and federal levels." HERE
"Politics is the art of looking for trouble, finding it whether it exists or not, diagnosing it incorrectly, and applying the wrong remedy."  -- Ernest Benn
"To err is human, but it takes a politician to really screw things up." -- Old American Adage
"Memos showing that Enron* used manipulative strategies during last year’s California energy crisis have caused a furor. The incentives and opportunities for Enron to use such strategies, however, were created by California’s government-regulated electricity market." 
-- from An economic view of the Enron memos by  Lance T. Izumi.  Source: Pacific Research Institute
The fundamentals: how swarms of bureaucratic termites eat away the foundations of our economy, our security, our freedom.
............
Socket to California
THE POWER MESS
"We're outa gas, dude"
Central Planning Sucks
California Scheming
The Idiot's Guide to Energy
Left-Coasters Shocked by the Obvious
"Price-Gouging": The Rest of the Story
The "Electricity" issue of Privatization Watch
The new "price caps" backfire.  Well, surprise, surprise (Duh).
ELECTRICITY  PRICE CAPS  PUT  TAXPAYERS  ON  THE  HOOK
> THIS JUST IN: CALIFORNIA'S BLACKOUTS ARE CAUSED BY DEMONS !!! !
P.J. O'Rourke:"California is in the midst of an enormous stupidity crisis."
See:  "California [has been], in fact, a perfect petri dish of Democratic policies." HERE.
ENRON: The story is about Bad Business AND Worse Government.  It's HERE
...and they apply that incredible stupidity and short-sightedness to more than just electricity...
Dim Bulbs in the Golden State -- NOW! with "a full-bore Cuban-style recovery plan!!!" (oh, boy)
Pompous Stupidity Watch:  How the New York Times' so-called "economics" columnist demonstrates his arrogance and massive ignorance (and/or his disgusting agenda)  is exposed RIGHT HERE.
What to do about any monster you create if you're a clueless California politician
Shameful confessions of a former state utilities regulator
Willful Ignorance and Blind Faith in Regulations
"...politicians always blame the private sector first ... this time even "blaming the problem on the solution."
Yes, California, you really did put a vacillating, buck-passing, blame-throwing economic illiterate in the governor's mansion.
But wait! There's MORE!! California politicians get the booby prize for creating the most convoluted market for electricity ever
The Legacy of Regulation -- The Op-Ed by a NOBEL LAUREATE IN ECONOMICS whose editors Gray Davis then called "assholes"
An Eminent Economist says, "whenever I hear the word 'shortage' I wait for the other shoe to drop."
"What the state actually did was engage in meddling micromanagement"
>>>>>California Power Mess FAQs <<<<<
"California politicians have committed fraud on a massive level."
"California Screamin'", "The Electricity Blame Game" and other articles
"California has never had real deregulation of its electrical industry.  None."
"Blame enviros for electric mess",   "the childish quest for a free lunch"   and   "Isn't Logic a Bitch?"
FIND "Destructionist government policy has increasingly restricted the supply of 
electric power in California and throughout the United States." HERE and HERE
How dysfunctional were the rules that California's bumbling politicians created?
What Dictator Davis Didn't Learn in Econ. 101
How to Avoid Blackouts NOW
-- and read about "Environmentalists vs. Mankind" HERE.

 
*Enron, of course, is exactly the kind corporation which could not exist in pure capitalism.  As a creature, in effect, of politicians, it was deliberately converted from a small pipeline company into an international conglomerate by conniving scoundrels who designed it from the beginning to use the power of their politician-friends to give it government contracts, subsidies, monopoly powers, and favorable regulations to force prospective customers to do business with them, essentially at gunpoint.  This, of course, is fascism, not capitalism, and what you get more and more of when you work to transform what was once the rule of clear-cut law into the rule of men (especially hair-splitting judges and lawyers).
"Environmental crusaders have spent the past 30 years influencing ignorant, unprincipled or gullible politicians to pass new laws and create new agencies that affect everything from oil, to natural gas, to nuclear power, to electricity. The net result is that manacles have effectively been slapped around the ankles of power suppliers, creating a huge disincentive for them to construct any new (and what certainly would be more energy efficient) power plants." -- Wayne Dunn

Where did you learn your economics?  From network news anchor robots?  Headline writers working for hack newspaper editors?  Well, learn this fast: Price controls cause shortages; government-mandated price ceilings inspire consumers to buy more; they take away efficient producers' incentives to produce more, they make marginal producers go out of business, they even give producers incentives to produce less, and they scare away anyone who might have invested in new production facilities (duh). Read a few concise explanations of price controls HERE.
 
 

SOOOoooo... Thanks for the blackouts,
stupid price-controllers and fanatic tree-huggers!



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

So guess what? 
Yup:  Government is THE PROBLEM, NOT the solution.
"This government never furthered any enterprise but by the alacrity with which it got out of its way."
-- Henry David Thoreau in his essay, "Civil Disobedience"
"Giving money and power to the government is like giving car keys and whisky to teenage boys."
-- P. J. O'Rourke

 
 
 
"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions  in the hands of people who pay no price for being wrong." -- Thomas Sowell 

"Everything the government touches turns to crap." -- Ringo Starr 

"Being a politician means never having to say you're sorry.  You don't have to say, 'I never should have voted to subsidize that ridiculous Enron project in India.'  ... After all, they're greedy businessmen and you're a selfless public servant."-- Harry Browne

"Whenever you come across a screw-up this big, you know the government is behind it." -- Ann Coulter


 

See: The REAL Causes of the Northeast Blackout HERE.
 
 

Isn't it time YOUR company and community got immunity from politicians with
your own power generating station?
 
 
 
 
 
 

<BACK to Environmental Challenges               It's never too late to start learning =====>

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pricecaps