The Cost of Natural Gas [was Re: The Cost of California Liberalism]
James A. Donald
jamesd at echeque.com
Fri Dec 29 09:24:05 PST 2000
--
> For those who care, take a look at
> http://www.nytimes.com/2000/12/10/opinion/10KRUG.html which is an
> op-ed piece by an MIT Economics prof. describing the California
> situation in the same terms I have. He cites a paper which in turn
> cites evidence that artificial shortages were previously created in
> the UK (1996) and California (1998 & 1999). unfortunately no
> detail, but it is more than just random conspiracy theory.
He describes the california system as "deregulated", but the fact that it
takes many years to get permission to build a power plant -- that it takes
longer to get permits than to actually build one, is undoubtedly a
contributing factor to the crisis.
--digsig
James A. Donald
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