And within that fairly limited range, we think that the price of oil will move up and down many times, but not make a dramatic move, at least for very long, outside that range because of the balance of supplywithdemand.
As a result, utilities have to figure out how to balance the supplywith the demand when the supply might fall short or exceed the need at any given time of the day.
Middle-market firm Oclaro was formed by a merger between competitors, and has recently merged again with Opnext, looking for a better balance between supply and demand.
Their first test in October 2007 was a success: An all-electric car plugged in at the University of Delaware and rigged with communication software responded to a signal from PJM for a sudden burst of power to help balancesupply and demand on the grid.