Prop 23 repeals much of the 'clean energy' regulations that are on the verge of being implemented at the behest of the lunatic California state governemnt. If it is rejected California, already reeling from the chaos of its state's liberal 'leadership' will see energy costs soar to the highest by far in the nation. Unsurprisingly a huge amount of money from Silicon Valley VCs who have big bets on rent seeking energy plays have poured millions of dollars into no. The Yes vote has been presented as "the oil companies and bad men's" sponsored initiative yet no money is flowing into it. Once again our media betray us, the truth and their chances of survival by blindly lying about what is happening.
But I guess it will be essential to utterly crush California if we are ever to work our way out of this evil and corrupt regime. As Lenin said: "The worse, the better".
Addendum: It's really great for the oil, coal and nuke companies (aka the real energy industry) because they know 'doing a Denmark' will yield nothing but chaos and destruction. Indeed from their narrow perspective, Leninist 'worse, better' really does work. How better to discredit the leftist enviro-fanatics and their rent seeking minions than the collapse of the "Golden" State. I mean pushing CA power prices from a national high of 18c per KwH to the Denmark level of 38c per KwH is a swell way to stomp anyone's future. For what it's worth, Missouri's cost per KwH is 5.5c. And we've got a great corporate relocation package.....
Chris Horner has more here.
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