And you probably thought my answer early in this thread was just me being a wise-ass! Well, yeah, I was, but the question really is a serious and a mysterious one at the microscopic level. Answers at the circuit level are really just approximations to truth. The point is just HOW do electrons "look ahead" and see what's going on? In the case of a load and a short, they actually don't! Consider a wire that splits into a Y where one path is a short and the other is a resistor. You can ask how does the electron "know" that one path is shorted so more of them go that way? Fact is it doesn't work that way. If you put a sharp step into your Y wire, you'll have a wave-pulse that travels down the outside of the wire. That impulse travels usually somewhere near the speed of light and as it goes down the "stem" of the Y it really has no idea that there is a "short" ahead. It can't know anything in the "cone of silence" which is to say in regions that require speeds faster than light for communication. So therefore this energy (which actually is in the field around the wire and not in the electrons) doesn't in fact "know" what lies ahead. It is only after this pulse explores both branches and bounces around a bit that finally circuit equations begin to apply. Circuit theory is handy for quick answers but field theory or even quantum theory is needed to get at microscopic truth.
But what if we take "free" electrons hurtling through empty space. We find that if we set up two slits, each electron actually only goes through one slit at a time. Yet, SOMEHOW it also "knows" that the other slit is there because on average with lots of flying electrons the landing patterns formed will be a two slit diffraction pattern. OK, so just HOW does a single electron going through ONE hole "know" that the other hole is just over there? Good Question! Physicists do a lot of hand waving and jibber-jabbering about probability waves and the like, but it's all very imaginary and quite unsatisfying! [Go see Feynman] Does God play dice with the Universe? The world is waiting for an explanation for this that doesn't require a priesthood in Wicca to understand.
Benj (Who notes that it's a poor student who can't ask a simple question that stumps the world)