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