🚀 go-pugleaf

On Fri, 18 May 2001 11:20:23 -0700, Jeffrey Siegal <jbs@quiotix.com>
wrote:

>Tom Keener wrote:
>> What I find curious is a market based on the _highest_ price for a
>> commodity.
>
>Every business works that way.  There is a market price for potatoes
>which is the equilibrium reached in the marketplace between the highest
>cost producer necessary to satisfy demand, and the highest price
>consumers are willing to pay. 

Syntactically, that sentence doesn't parse. 
 
>> Who are the bozos bidding these prices? And what's to
>> prevent them from bidding 100x what the prices are today?
>
>If a single generator bid 100x, their bid would be ignored, 

Hang on. The generators are bidding sale prices? I thought the power
retailers were bidding purchase prices. Anybody care to explain how
this market really works?

>> The
>> knowledge that the turnip is already bled dry and they won't get their
>> money? Do you really want to let an industry bankrupt an entire state?
>
>What is bankrupting the state is the absurd policy of having the state
>pay the costs rather than passing them on to consumers, who would then
>be a hell of a lot more likely to conserve than they are now 

My electric rate has almost tripled. Since I have been energy
conservative since the 60's, the only way I could conserve a fraction
of that would be to turn off my refrigerator and wash clothes by hand.
Sure, many families could use a lot less than they do now, but 1/3?
That's hardly realistic. 

Tom Keener
keensurf_at_cts_dot_com