Once you actually know the details of California's energy problems, you
start to get really irritated everytime someone refers to it as
"deregulation". The first obvious clue that no deregulation has taken
place is the price cap set in place for almost all California power
utilities. Here's a hint: a price cap is a regulation.
Of course, the more subtle indication that it was not what it seemed was
the fact that it came from California to begin with. Free markets are a
traditionally right-of-center concept. California, of course, is
anything but. So when their state proposes "deregulation", letting
private power companies compete for business, red flags should go off in
any thinking person's head. Reading the details of what can only be
described as "reregulation" confirms the doubts. The heart of the
problem is that California politicians have no grounding in this thing
we call reality. California has no one to blame but itself.