Sunday, October 23, 2016

Fact of the Day: California Black-Out

During 2000-2001 California faced a severe string of black-outs of power all over the state. One of the main reasons was that the industry was deregulated in hopes that competition among companies would make things better. Enron also had manipulated the market in their favor. The event caused Governor Gray Davis' popularity to drop so low that he was successfully recalled. 
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6 comments:

  1. Pat HattOctober 23, 2016 at 8:05 AM

    All comes back to greed

    ReplyDelete
  2. KatiOctober 23, 2016 at 10:06 AM

    Yeah, sometimes competition doesn't work in this way!

    -Kati

    ReplyDelete
  3. NanaDianaOctober 23, 2016 at 11:05 AM

    Pretty sad all the way around!

    ReplyDelete
  4. Stephen HayesOctober 23, 2016 at 7:09 PM

    I'm a California native but I'd already moved to Oregon by the time this happened.

    ReplyDelete
  5. bjOctober 23, 2016 at 9:22 PM

    i remember when that happened

    ReplyDelete
  6. Plowing Through Life (Martha)October 23, 2016 at 9:31 PM

    Must've been tough for the residents.

    ReplyDelete

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