Statement on Energy Crisis

PLEASE DO NOT DISTRIBUTE. I haven't read this yet, so I don't know if it's
good bad or indifferent. McFadden is one of the Manifesto signers and a
Nobel Laureate. If folks have comments, please forward them along and I will
get them into the mix. Thanks a bunch.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/02/2001 08:07 PM -----

Dan McFadden <mcfadden@econ.Berkeley.EDU<
02/02/2001 04:35 PM

To: David Teece <teece@haas.berkeley.edu<, CKM@pa.urel.berkeley.edu,
dackman@forbes.net, jwilcoxa@earthlink.net
cc: jim.sweeney@stanford.edu, spiller@haas.berkeley.edu,
John_Chandley@LECG.com, tyson@haas.berkeley.edu,
tom_campbell@law.stanford.edu, shmuel@euler.berkeley.edu, willrichm@aol.com,
george_barker@LECG.com, cdanner@wilkandassociates.com,
gilbert@econ.Berkeley.EDU, yellen@haas.berkeley.edu, scott_harvey@LECG.com,
jscadding@wilkandassociates.com, mwilk@wilkandassociates.com,
phillip_mcleod@LECG.com, berk@haas.berkeley.edu, john_chandley@LECG.com,
jdasovic@enron.com, lfried@uclink.berkeley.edu, william_hogan@harvard.edu,
rmichaels@fullerton.edu, borenste@haas.berkeley.edu,
richard.rumelt@anderson.ucla.edu, rschmidt@LECG.com,
pverleger@compuserve.com, pjoskow@mit.edu, joseph.mullinix@ucop.edu,
mcfadden@econ.Berkeley.EDU, steven@stoft.com, peter.gosselin@latimes.com
Subject: Statement on Energy Crisis

I have prepared a statement on the California energy crisis in response to
a solicitation from the Wall Street Journal, and attach a preliminary first
draft in pdf and Wordperfect formats. This may or may not appear in some
edited form as an op-ed piece in the WSJ. Although this statement is in
my own words, I believe it is consistent with the Manifesto. I would
appreciate feedback from my fellow economists if I have made statements that
contradict the Manifesto, or most critically have made arguments that they
feel are not sound economics. I will try to incorporate suggestions in the
next draft. Thanks for your reaction.

I am also sending copies of this draft to a couple of people in the media
other than the WSJ, and they are welcome to use the content but not the text
if they want a summary of my take on the crisis.

Dan McFadden
- Energy.pdf
- Energy.wpd