Comments on: Sale of NYSEG to Spanish Company Iberdrola Hits Big Roadblock http://rssbinghamton.com/sale-of-nyseg-to-spanish-company-iberdrola-hits-big-roadblock/ A conservative voice crying in the liberal wilderness of Greater Binghamton, NY Mon, 08 Nov 2010 12:19:35 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Franco DiRosa http://rssbinghamton.com/sale-of-nyseg-to-spanish-company-iberdrola-hits-big-roadblock/comment-page-1/#comment-596 Franco DiRosa Thu, 17 Jul 2008 11:27:08 +0000 http://rssbinghamton.com/sale-of-nyseg-to-spanish-company-iberdrola-hits-big-roadblock/#comment-596 You guys are joking right. Capitalism and NYSEG in the same sentence, that's too funny. Capitalism requires competition, where's that? NYSEG's electric charges are the 3rd highest in the country followed by Connecticut and then Hawaii. Pennsylvanias is right around the national average of 9 cents a kw/hr. NYSEG is twice that. What's going to be really sad to watch is when we start seeing natural gas production increase here in NY while at the same time our NYSEG rates will go up also. In other states, or countries the opposite would occur, that is the people benefit from the resources of their own state/country. Here in NY it is only those that are registered for kickbacks. You guys are joking right. Capitalism and NYSEG in the same sentence, that’s too funny. Capitalism requires competition, where’s that? NYSEG’s electric charges are the 3rd highest in the country followed by Connecticut and then Hawaii. Pennsylvanias is right around the national average of 9 cents a kw/hr. NYSEG is twice that. What’s going to be really sad to watch is when we start seeing natural gas production increase here in NY while at the same time our NYSEG rates will go up also. In other states, or countries the opposite would occur, that is the people benefit from the resources of their own state/country. Here in NY it is only those that are registered for kickbacks.

]]> By: WHB http://rssbinghamton.com/sale-of-nyseg-to-spanish-company-iberdrola-hits-big-roadblock/comment-page-1/#comment-222 WHB Thu, 24 Jan 2008 03:41:16 +0000 http://rssbinghamton.com/sale-of-nyseg-to-spanish-company-iberdrola-hits-big-roadblock/#comment-222 Well Jim, for what it's worth it's not that I don't have some of the same fears/concerns that you do with foreign ownership. While it rankles me I resist the temptation to be swayed by conspiracy theorists. The recent stock market is a case in point. Regardless of who owns our streets or ports our market still makes the world go round. The world markets just dropped an average of 4.5% and now they are rebounding. All on news and speculation from our pathetic FED. We are still the strongest economy in the world (regardless of what CNN wants you to believe or Hillary for that matter). That being said, 3/4 of my portfolio is in foreign markets and companies. So it is hard for me to knock foreign investors when I have a stake in everything from water to rare earth from China to Australia. Tragically the rest of the world may own my country but I am not a hypocrite :) (criminal?). That last thought reminded me of something somebody else once said. WHB Well Jim, for what it’s worth it’s not that I don’t have some of the same fears/concerns that you do with foreign ownership. While it rankles me I resist the temptation to be swayed by conspiracy theorists. The recent stock market is a case in point. Regardless of who owns our streets or ports our market still makes the world go round. The world markets just dropped an average of 4.5% and now they are rebounding. All on news and speculation from our pathetic FED. We are still the strongest economy in the world (regardless of what CNN wants you to believe or Hillary for that matter). That being said, 3/4 of my portfolio is in foreign markets and companies. So it is hard for me to knock foreign investors when I have a stake in everything from water to rare earth from China to Australia. Tragically the rest of the world may own my country but I am not a hypocrite :) (criminal?). That last thought reminded me of something somebody else once said. WHB

]]> By: Jim Willis http://rssbinghamton.com/sale-of-nyseg-to-spanish-company-iberdrola-hits-big-roadblock/comment-page-1/#comment-220 Jim Willis Wed, 23 Jan 2008 13:34:29 +0000 http://rssbinghamton.com/sale-of-nyseg-to-spanish-company-iberdrola-hits-big-roadblock/#comment-220 Thanks WHB. Points very well made. Your views are much more Reaganesque than my own on this matter! I freely admit when it comes to national security I am a populist/protectionist in the mold of Pat Buchanan. My own view is a modified view... free markets and less regulation, and let capitalism sort it out for the vast majority of businesses. (I don't like the overwhelming abundance of Chinese made goods at Wal-Mart, but I don't believe in regulating it either.) But for those items that are key infrastructure--like power and ports--U.S.-only ownership. That's the distinction I make. I freely admit my own thinking may not be 100% consistent on this. You've given me more to think about. Which is why I like these comment areas! Thanks again! - Jim Thanks WHB. Points very well made. Your views are much more Reaganesque than my own on this matter! I freely admit when it comes to national security I am a populist/protectionist in the mold of Pat Buchanan. My own view is a modified view… free markets and less regulation, and let capitalism sort it out for the vast majority of businesses. (I don’t like the overwhelming abundance of Chinese made goods at Wal-Mart, but I don’t believe in regulating it either.) But for those items that are key infrastructure–like power and ports–U.S.-only ownership. That’s the distinction I make.

I freely admit my own thinking may not be 100% consistent on this. You’ve given me more to think about. Which is why I like these comment areas!

Thanks again!

- Jim

]]> By: WHB http://rssbinghamton.com/sale-of-nyseg-to-spanish-company-iberdrola-hits-big-roadblock/comment-page-1/#comment-210 WHB Mon, 21 Jan 2008 14:44:02 +0000 http://rssbinghamton.com/sale-of-nyseg-to-spanish-company-iberdrola-hits-big-roadblock/#comment-210 Jim, I hold many of the same concerns which you do. At the same time how do we then square our nationalism with our capitalism? A free and open market is critical to the longterm health of our economy (something New York doesn't have). Granted the Spaniards may not be better energy providers and just as greedy. But the climate for their existence has been created by the state of New York. Unless there is deregulation and competition it won't matter who owns nyseg. In regards to national security. Foreign ownership of key interests is nothing new. It seems that in the wake of 9/11 we are just suddenly more aware of it. The answer in my mind is not protectionism but liberated capitalitm (some would say Reagonomics). Build it better, run it better, service the world better and in turn own the world. We are being beaten at our own game, largely because the government has handicapped the American business world. I tend to favor capitalism as our first line of defense against foreign infringement. WHB Jim,
I hold many of the same concerns which you do. At the same time how do we then square our nationalism with our capitalism? A free and open market is critical to the longterm health of our economy (something New York doesn’t have). Granted the Spaniards may not be better energy providers and just as greedy. But the climate for their existence has been created by the state of New York. Unless there is deregulation and competition it won’t matter who owns nyseg. In regards to national security. Foreign ownership of key interests is nothing new. It seems that in the wake of 9/11 we are just suddenly more aware of it. The answer in my mind is not protectionism but liberated capitalitm (some would say Reagonomics). Build it better, run it better, service the world better and in turn own the world. We are being beaten at our own game, largely because the government has handicapped the American business world. I tend to favor capitalism as our first line of defense against foreign infringement. WHB

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