California Crisis

California Crisis - The main reason a crisis like this...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Yacoub 1 Peter Yacoub Professor Stevenson English 1B 3 October 2005 California’s Energy Deficit California has had problems with its energy deficit problems. This article talks about why an energy crisis in California would occur. This article, “The California Crisis,” is written by the Cato Institute for Regulation, a scholarly journal. California had its biggest energy crisis in December of 2000: Supplies have increased and demand is less than expected and spot wholesale electricity prices are now 4.5 cents per kilowatt-hour, more than the 3 cents per kwh average price in 1998 and ’99, but less than the 37.2 cents per kwh average price during December 2000. (Cato par. 3) The reason why the price for energy in 2000 was so high is because of the low supply and high demand. California’s energy is depended on natural gas turbines and hydroelectric generators which make up two- thirds of California’s internal produced power.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: The main reason a crisis like this would occur is due to the “lack of long-term, price established contracts between producers Yacoub 2 and distributors” (Cato par. 4). Cato Institute also states that a policy change that could prevent another crisis would be to put temporary price caps and that markets must be regulated. This article is very well written including many facts. This article is good because it does not take a side and it talks mainly about how the crisis occurred. It gave many different opinions from different articles and had support for all of its evidence. Its in-depth research would make this a credible article. Yacoub 3 Works Cited Cato Institute. “The California Crisis.” Regulation Fall 2001. Expanded Academic ASAP . Infotrac. Saddleback College Library. Mission Viejo, CA. 3 October 2005 < http://infotrac.galegroup.com >....
View Full Document

This note was uploaded on 05/03/2008 for the course ENG 1B taught by Professor Stevenson during the Spring '08 term at Saddleback.

Page1 / 3

California Crisis - The main reason a crisis like this...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online