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Date Posted: Thursday, January26, 03:49:pm
Author: dazzle'em
Subject: Re: Council Mis-information
In reply to: CenHudDude 's message, "Council Mis-information" on Tuesday, January24, 08:36:am

This issue underlies the bigger problem, and why the politicos and regulators have us fixated on this issue, the more hyperbole the better. Government regulations have taken over the energy industry long ago. There is no point to having an "energy market" if governments, backstopped with tax payers' dollars, are going to intervene and take away the risk of failing. You end up with a quasi market where the bureaucrats pick the winners and the losers, all at tax payer expense. The type of quasi market that allows the big financial fund giants BlackRock and Vanguard to acquire ever-increasing shares in America’s public utility companies and in doing so can influence "policy" and agendas ...crickets. When shtf tptb then points the finger at the "free market" and "capitalism" failings and it ushers in more regulations and social 'relief programs'/'protections' for consumers that essentially are bailouts (bail-ins in the case of surcharges) for the corporations and municipalities paid for by ...the consumers. "Bad oil", "bad natty", "bad utility" (good pharma,hmmm)...all optics while shuffling monies through the various levels of ledgers. Beyond that...the grid, water supplies, sewer systems, bridges, roads, rails, even new piers, all part of the assets which the taxpaying shareholders of cities, counties, states and fed portfolios bought/buy into in good faith to be maintained. Yet, a lack of maintenance over decades has led to a deterioration of these assets to the point of needing complete replacement. Enter 'build back better' and the serendipity to warrant funding this mass undertaken, 'man-made' climate change. The political science requires contracts, lots of lucrative contracts to keep the plates in the air. L.A. county just extended its rent moratorium with the twist of making the landlords whole via its municipal coffers, aka taxpayers. Is Albany scratching its chin? The bottom line is for a generation Everyone has completely ignored the very concept of Risk. The less anyone can understand the better.

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