Against the Grain, for February 4, 2004 - 12:00pm
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The California energy crisis, which jacked up electricity prices and produced rolling blackouts, was blamed at the time on environmental standards and other red herrings. Resource economist Eugene Coyle argues that deregulation was the root cause of the debacle. He believes that it's time to lay to rest the notion that the unfettered market benefits the majority of us -- and move towards public power.