Current Issue and Back Issues . Now their work is coming to fruition. Last month EWR reported that California's electricity shortage was planned. I could be wrong, of course, but here is how I see the situation now, and the profit opportunities arising from it. The shortage will not be confined to California.
Summer is the time of peak demand.
The electricity bureaucrats in each state assure us that when air conditioners kick on, their states will have sufficient capacity. Look closely at their analyses and you will find the assumption in each state is that if they run short they can buy power from their neighbors who are reporting surpluses. The neighbors report surpulses because they expect to buy from their neighbors. For total energy supply and demand to become equal, the price per kilowatt will need to climb high enough to force drastic cutbacks. No new power plants have been built in California for more than a decade, and no new oil refineries anywhere in America in 20 years.