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To: gondramB

Aluminum companies in California have already shut down operations to resell electricity (for which they had locked-in contracts) when prices went sky-high a few years ago. In other words, California economics turned them from manufacturers into non-value-adding middlemen. To their credit, I don't think they laid off their workers; they just sent them home and kept paying them.


40 posted on 02/25/2007 7:35:15 PM PST by Winged Hussar
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To: Winged Hussar

>>Aluminum companies in California have already shut down operations to resell electricity (for which they had locked-in contracts) when prices went sky-high a few years ago. In other words, California economics turned them from manufacturers into non-value-adding middlemen. To their credit, I don't think they laid off their workers; they just sent them home and kept paying them.<<

Lets hope that California is not, in this case, a trend setter.


42 posted on 02/25/2007 7:46:31 PM PST by gondramB (It wasn't raining when Noah built the ark.)
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