Eight and a half years ago in Betting with Deregulation – A Risky Proposition, I wrote the following in this blog, “Companies who want deregulation of anything must be prepared for eventual pain – just ask the major airlines and a bunch of telecom companies, many of which no longer exist. There will be pluses and minuses for producers and customers alike. For example, the industry is now flooding into natural gas and renewables because they’re cheap. The market is de-diversifying, and at some point, probably within a decade, that will not end well for consumers. Deregulated markets don’t care…
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