Re: W. on the Environment L3

[Dan Minette]

I'm going to answer one part of this very quickly:
Doug wrote:

>But who would have listed anyway?  In general people don't know whether or
not buying energy on
> the spot market is a good or bad thing, that's normally the kind of
minutia
> that you expect the experts to deal with

This line absolutely blew me away.  I may be way off base, but I'm shocked
that the implications of buying on the spot market aren't obvious. It
accentuates the effects of supply and demand on prices: because its the
marginal supplies.  Plus, the higher cost won't lower demand, because it
isn't passed on.  As far as I can see, that's just ecconomics 101.

Dan M.