SAs public enterprises, like Eskom, are remnants of an earlier age. They have survived from a time when many politicians and economists contended that the most important services should be in government hands.
Proponents of government ownership and control of the commanding heights of the economy believed that only governments had
With less than a month to go to Finance Minister Pravin Gordhans inaugural budget speech, many South Africans and potential foreign investors will no doubt be wondering how he plans to balance the national accounts. With the vast majority of South Africans still suffering in the aftermath of the economic
Few Americans may be aware of it, but Canada is the largest energy supplier to the U.S. furnishing 15 percent of all natural gas consumption, and more crude and oil products than Saudi Arabia. In fact, Canada provides 9 percent of all the oil consumed in the U.S.
At a
Officials in California and Nevada have admitted that controls on wholesale electricity prices throughout the western states imposed by the Federal Energy Regulatory Commission have worsened power shortages.
State and utility officials said the federal price restraints put in place on June 19 seem to have had the perverse
California’s electric power crisis is due to a poorly constructed electrical industry deregulation or restructuring plan, and also to the failure of the state to build new power plants, notes Newsweek’s Robert J. Samuelson.
From 1988 to 1998 the state’s electric-generating capacity actually declined 5 percent, says the
