California energy crisis. . . . Classical economics would predict that the higher demand would stimulate more production through higher prices. But since retai

California energy crisis. . . . Classical economics would predict that the higher demand would stimulate more production through higher prices. But since retail prices were capped, there no market method to stimulate more production, of which even unlimited demand could not stimulate construction due to regulatory delays. https://en.wikipedia.org/wiki/2000%E2%80%932001_California_electricity_crisis https://en.wikipedia.org/wiki/2000%E2%80%932001_California_e...