Posted on 01/04/2005 1:40:18 PM PST by WayneLusvardi
Edited on 04/10/2005 2:08:56 PM PDT by Sidebar Moderator. [history]
California's "Bogus" Energy Crisis in Retrospect: Enron or Endrun? Running out of sky, not energy
"To most people the name Enron is associated with all that is wrong with corporate America and as the cause of the California energy crisis of 2000-02. The nicknames of Enron's notorious energy trading maneuvers -- "Death Star," "Fat Boy," "Ricochet," and "Get Shorty" – are now even well known by the public. When U.S. Senator Tom Daschle wanted to state his opposition to pending legislation he coined a new verb - "I don't want to Enron the people of the United States." But in 2000 Enron pulled out of the California energy market after only six months, and gouging by merchant energy traders could not have singularly caused the state's energy crisis."
California's ''Bogus'' Energy Crisis in Retrospect by Wayne Lusvardi and Charles B. Warren
Too bad you weren't here on FR during the "calpowercrisis" days back in 2000-2001. We FReepers pretty much had all this figured out and documented. It's all still here, if anyone can find it :-(
BTW, one thing that we FReepers noticed three years before anybody else was that all that money Gray Davis borrowed was (and still is) unconstitutional, since the borrowing was not put before the voters as the California Constitution requires.
Not that anybody in California has actually read their Constitution...
BTT!!!!!!
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It used to only display the last 30 articles on the "stack", but it seems to go back to about Jan 2002 now.
It still doesn't display about 1000 earlier articles that Ernest & I tagged.
The sweethearts still in power, saddled us with energy bankruptcy and a structural deficit for which we're still paying. California Democrats are a gift that keeps on giving.
I thought there were a lot of missing links- thanks for the confirmation.
Later on, the system was "enhanced" so that one could post a message to *calpowercrisis.
The messages tagged the old way are not picked up under the new system. [Here's] an example from May, 2001 with some of your old links.
Thanks- I notice from my tagline I was a sarcastic SOB even then...
...but you've mellowed ;-)
I'll have to tell Mrs. B that-- she'll die laughing.
You mean like how over 85% of the "Superfund" monies went to Consultants & Lawyers???
Sufferin' succotash! Sophist sophistication alert!
Some people are a sop for sophistry, ya know... especially in CA!!!
Now go easy, I am both a consultant and an engineer so not all money to consultants is a waste. What I was referring to was "political" consultants and lawyers, not technical consultants, who may (or may not) provide societal value.
Before I started this office, I worked for an large US firm that did both electric utility and other kinds of work, including hazardous waste clean up consulting. I was involved with a couple of haz waste projects at non-superfund sites.
What I observed was that attorneys were the de-facto leaders of those projects and just about everything done was done on the basis of CYA and how it might look in future litigation.
Just as when liability concerns impose themselves on medicine the number of marginally required tests (blood tests, biopsy, x-rays, MRI's, etc.) to document conditions skyrockets, so to does the ground water sampling, aquifer mapping & modeling, soil sampling, etc.) happen on the haz waste clean up side.
The company I left wanted to get out of electric utility business design and consulting work and wanted me to market haz waste clean-up to electric utilities. I told them no-thanks, that I wanted to contribute to the GNP, not be a drag upon it.
Consultants can provide value-added benefits or they can be used to fill file cabinets with CYA documents. I prefer the former for a career path.
marking
What's sarcastic about that?....it's still true, and the DemonicRats still don't want to build more power plants.
A true class of parasites is what many lawyers....not all ...are turning into.
Apparently, if some city or factory needed power, they just built a power plant.
It reminded me of the early days here in America.
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