Re: Energy deregulation

[Eugene Coyle]

Neither of these are conservative "analyses" of the California energy
crisis.  Each is an off-the-top-of-the-head rant that could be written by any
right-leaning neophyte.

    For a REALLY conservative analysis see the work of Univ. of Chicago
economist Lester Telser.  I quite agree with his analysis that electric power
must be regulated or publically-owned, otherwise cooperation (collusion)
among the producers is required for efficiency.  See my paper for extensive
quotes and citations.  And Professor Telser was kind enough to tell me that I
had gotten him correctly.

    Gene Coyle

David Shemano wrote:

> For those interested, enclosed are conservative analyses of the California
> energy crisis:
>
> http://www.opinionjournal.com/editorial/feature.html?id=75000389
>
> and
>
> http://www.latimes.com/news/comment/20001228/t000123514.html
>
> I would be interested in your critique.
>
> David Shemano