----- Original Message ----- From: "Doug Pensinger" <[EMAIL PROTECTED]> To: "Killer Bs Discussion" <[email protected]> Sent: Thursday, December 08, 2005 12:12 AM Subject: Re: Bitter Fruit
> Dan wrote: > > > > I really don't know where you think the conspiricity starts, > > Are you seriously suggesting that there wasn't a conspiracy? Have you > heard of Tim Belden? > > http://www.cbsnews.com/stories/2002/10/17/national/main526018.shtml Yes. But, I guess I wasn't clear. By conspiracy I was thinking about all the different suppliers all working out their quota as they under produce. Instead, the evidence indicates that the market was so tight, minor actions by one player could drastically change the market. Let's take the case of Reliant. IIRC had 6 plants, which produced about 7% or so of the electricity in Calf. One plant is taken off line, and the price skyrockets. Why? Why could they make money by cutting their sales 15%? Was it because the market was so tight, that any little hiccup could send prices up 5-10 fold? Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
