"Now, in the space of a year, we've spent 450 percent more for power than we did the year before, and bought essentially the same amount of power. This year, that number's likely to go up. That can't go on forever and have us continue to be the economic engine for America"
About this Quote
The subtext is doing several jobs at once. By stressing “essentially the same amount of power,” Davis implies the price spike isn’t the natural cost of scarcity but the result of manipulation, incompetence, or both. In the early-2000s context, that’s a dog whistle toward deregulation’s broken promises and the suspicion that energy traders were gaming the system. He also sneaks in a defense of intervention: if the market is producing irrational outcomes, state action becomes not ideology but triage.
Then he pivots from ratepayers to national destiny: “economic engine for America.” That phrase is a shield and a threat. California isn’t just asking for sympathy; it’s warning that a wounded California drags the country down with it. The line “That can’t go on forever” reads like fiscal prudence, but it’s also political self-preservation. Davis is pre-justifying unpopular moves (emergency purchases, rate hikes, long-term contracts) by framing the alternative as structural decline, not a temporary inconvenience.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Davis, Gray. (2026, January 15). Now, in the space of a year, we've spent 450 percent more for power than we did the year before, and bought essentially the same amount of power. This year, that number's likely to go up. That can't go on forever and have us continue to be the economic engine for America. FixQuotes. https://fixquotes.com/quotes/now-in-the-space-of-a-year-weve-spent-450-percent-149497/
Chicago Style
Davis, Gray. "Now, in the space of a year, we've spent 450 percent more for power than we did the year before, and bought essentially the same amount of power. This year, that number's likely to go up. That can't go on forever and have us continue to be the economic engine for America." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/now-in-the-space-of-a-year-weve-spent-450-percent-149497/.
MLA Style (9th ed.)
"Now, in the space of a year, we've spent 450 percent more for power than we did the year before, and bought essentially the same amount of power. This year, that number's likely to go up. That can't go on forever and have us continue to be the economic engine for America." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/now-in-the-space-of-a-year-weve-spent-450-percent-149497/. Accessed 6 Feb. 2026.
