[aldente]

Saw this documentary yesterday and highly recommend it. It goes beyond the usual bashing of big business and reveals more about America than anything that I've ever seen!
http://www.imdb.com/title/tt0413845/

[lutherquick]

http://www.ipenergy.com/data/ENRON-GotThePower.mp3

Here's a little musical mix. Enron 'internal' voice recordings, showing how corrupt they were. It's interesting to listen as they speak about energy prices, how it will effect the CA economy. Yet they giggle about it. Indirectly, peak oil is creating so much corruption, and even though much wealth will vanish, those in the right position will do well, some may resort to corruption, but this is life.

Today another ex-banker connected with Enron is found dead in England. Meanwhile, Bush SR goes to Kenneth Lay's funeral. All this, is clearly connected to peak oil because so many are scrambling and risking everything to have access to the supply side (Iraq) or the demand side (CA markets that Enron had), either one, if in your hands, you make allot of money.

[Concerned]

$this->bbcode_second_pass_quote('lutherquick', 'h')ttp://www.ipenergy.com/data/ENRON-GotThePower.mp3

Here's a little musical mix. Enron 'internal' voice recordings, showing how corrupt they were. It's interesting to listen as they speak about energy prices, how it will effect the CA economy. Yet they giggle about it. Indirectly, peak oil is creating so much corruption, and even though much wealth will vanish, those in the right position will do well, some may resort to corruption, but this is life.

Today another ex-banker connected with Enron is found dead in England. Meanwhile, Bush SR goes to Kenneth Lay's funeral. All this, is clearly connected to peak oil because so many are scrambling and risking everything to have access to the supply side (Iraq) or the demand side (CA markets that Enron had), either one, if in your hands, you make allot of money.

[lutherquick]

Concerned,

Well, what gets me is how these guys giggle, like little school children...
I guarantee, the BRIC doesn't giggle like this, they plan and coordinate and implement and manage.
Enron crashed because it represents so well the typical American corporate culture and government culture.
And wherever there was weakness, faults, or skeletons, most of it was covered up or ignored because it was a land of plenty made from cheap oil.

That cheap oil came to be mostly because of subsidy based on US hegemony.
As this hegemony ends, America is learning that "OH SHIT !" we blew all that cheap oil on a system, on an infrastructure that has no future.... In other words, as energy becomes more expensive, we will NEVER, EVER be able to compete with well designed societies of good public transportation, of sustainability, of EXPENSIVE energy...

This great American wasting of energy is going accelerate the great American crash. Then we will see more and more Enron's, more searches for nonexistent wmd, more 9/11's and more Katrina aftermaths.

Cheap commodities and cheap energy makes corruption look like bad business, not criminal business. Remove the 'cheap' and the façade will change dramatically.

[NEOPO]

IMO "the smartest guys in the room" is MANDATORY VIEWING.

Luther - have you heard the george bush "whatever" song?

[lutherquick]

NEOPO,

Yea, "Whatever", it's great...
I copied and uploaded to my library...
http://www.therussiansarehere.com/videos/bush/index.htm

[mattduke]

... and Bush attends Kenny Boy's funeral.

"a thoroughly decent, honest, professional guy and a very experienced banker."

http://news.yahoo.com/s/ap/20060712/ap_ ... nker_death

from cryptogon

[peaker_2005]

$this->bbcode_second_pass_quote('mattduke', '.').. and Bush attends Kenny Boy's funeral.

"a thoroughly decent, honest, professional guy and a very experienced banker."

http://news.yahoo.com/s/ap/20060712/ap_ ... nker_death

from cryptogon

[strider3700]

They're not dead. The CIA is helping them live that life of luxury they deserve rather then go to prison. I'm not sure where they transfered them to though.

[threadbear]

I've been trying to get those with inflexible models of reality to try and think a little outside of their petro-boxes to try and grasp the simple fact that peak oil encourages conspiring and colluding.

What does it matter? It matters plenty. If you factor out corporate oil organized opportunism, it changes the oil picture. Politics and the creation of appropriate anti-gouging legislation will intervene. Monte and other long term posters, on the board, seem to be under the impression that a Mad Max scenario is a foregone conclusion.

There will be an economic downturn, globally, regardless of peak oil, that will reduce demand. Politicians will always choose a Mild Max scenario and work towards that end--to do otherwise is a survival risk, not just for us, but for them.

I want everyone who looks at this thread to read the following very closely and understand that the Enron price gouging took place at a time when hydro electric supply was compromised in a drought year. Supply was constrained. They did their utmost to squeeze even more money out of Californians than was necessary, and yukked it up as they did. Please read.



Enron Schemes Caught On Tape
CBS - Feb. 3, 2005

During the West Coast Power crisis homes went dark and streetlights were out in California — causing injuries and accidents. But the danger didn't stop Enron's energy traders from having a good laugh.
CBS News Correspondent Vince Gonzales reports on the Enron scheme, as caught on new audio tape. The traders and plant operator laugh and plot in a display that seems to prove the theory that years before the energy crisis, Enron manipulated markets.

"They had to do a rolling blackout through the town and there was a red light there he didn't see," one Enron trader says on tape.

"That's beautiful," a second voice responds.

"I'm like, this is causing animosity throughout the state now," the first says. "Cars are blowing up."

The new tapes — routinely recorded by Enron to protect their own deals and later obtained by this small utility in Washington state — confirm what CBS News has been reporting for four years: That Enron secretly shut power plants down so they could cause, and then cash in on, the crisis.

"Ah, we want you guys to get a little creative..." one voice says on the tape.

"OK," a plant operator replies.

"…and come up with a reason to go down," the first man finishes his sentence.

Plant operators were coached on how to lie to officials.

"Just call 'em, Hey guys…we're coming down," one Enron trader says. The plant operator replies, "OK, so we're just comin' down for some maintenance, like a forced outage type thing?"

"Right," the trader says.

"And that's cool?" the plant operator asks.

"Hopefully," the trader responds, to which the men are heard laughing.

Enron also pulled power out of states like California, causing emergency conditions to worsen.

"Sorry California," an Enron trader says. "I'm bringing all our power out of state today. I moved out six — over six hundred megawatts."

The "shut downs" and "pull outs" triggered sky high power prices.

"We're just making money hand over fist!" one voice is heard saying on the tape.

And when states complained, the guys at Enron seemed to have a response.

"Get a f****** clue," one says. "Yeah," another chimes in. "Leave us alone. Let us make a little bit of money."

"Exactly," says another trader.

But when the schemes began to unravel, employees blamed the men running Enron.

"I told you they were all crooks," one Enron employee is heard saying. "I just didn't know how much."

"As far as I'm concerned, nothing happened at Enron that Ken Lay didn't bless," another says.

But former CEO Ken Lay — in this Enron training tape obtained by CBS News — had a different message.

"Enron in a company that deals with everyone with absolute integrity. We play by all of the rules," Lay said in a pre-recorded video.

A federal Grand Jury didn't buy it. Lay has been indicted, and the tapes could be used as evidence against him. As can other video and audiotapes. An Enron spokesperson would only say the company continues to cooperate with all ongoing investigations.


For other reliable, revealing articles on energy cover-ups, see
http://www.WantToKnow.info/medianewsarticles#newenergy


See our archive of revealing news articles at http://www.WantToKnow.info/medianewsarticles

[DantesPeak]

I fail to see how the example of one company monopolizing one type of one isolated energy market can be applied to an open and worldwide market for oil, oil products, petrochemicals, refining, and distribution, where $10 billion US of products are consumed daily.

[threadbear]

$this->bbcode_second_pass_quote('DantesPeak', 'I') fail to see how the example of one company monopolizing one type of one isolated energy market can be applied to an open and worldwide market for oil, oil products, petrochemicals, refining, and distribution, where $10 billion US of products are consumed daily.

[DantesPeak]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('DantesPeak', 'I') fail to see how the example of one company monopolizing one type of one isolated energy market can be applied to an open and worldwide market for oil, oil products, petrochemicals, refining, and distribution, where $10 billion US of products are consumed daily.

[AirlinePilot]

Look I found another cute little bunny! Man they are fast, but they are damn cute aren't they?

[threadbear]

These "crazies" seem to know what they're talking about:


Public Citizen:

Public Citizen advocates a return to better regulated utilities by returning power plants to distributional utilities where states can better protect consumers. And with the repeal of the Public Utility Holding Company Act in President Bush's August 2005 energy bill, electricity companies will be able to more easily merge, undermining the ability of states to effectively regulate these increasingly sprawling companies.

On petroleum markets, Public Citizen testifies before Congress on how record oil company profits are partly due to anti-competitive practices in the industry, and that a windfall profits tax is one equitable method to direct more money to help finance a transition away from a fossil-fuel based economy and towards a sustainable, clean energy future. In addition, Public Citizen advocates the strengthening of energy trading markets in New York where the prices of oil and natural gas are set.

http://www.citizen.org/documents/oilmergers.pdf

And the federal regulatory mechanisms in FERC under a Bush regime, should be renamed "FUCKED" for all the good they do.

[threadbear]

$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('DantesPeak', 'I') fail to see how the example of one company monopolizing one type of one isolated energy market can be applied to an open and worldwide market for oil, oil products, petrochemicals, refining, and distribution, where $10 billion US of products are consumed daily.

[Gerben]

The state should control electricity generation and distribution. Same with oil refining. In the country I live the main oil company (Shell) is publicly traded, but our royal family has a large share in it.

[bobcousins]

$this->bbcode_second_pass_quote('threadbear', 'I')'ve been trying to get those with inflexible models of reality to try and think a little outside of their petro-boxes to try and grasp the simple fact that peak oil encourages conspiring and colluding.

[Gerben]

$this->bbcode_second_pass_quote('bobcousins', 'I')t is obvious that the reverse of what you say is true. When supply is plentiful, there is a need to collude and restrict supply. I give you : OPEC!

When supply is short, the need to collude disappears. Demand does the work for you. Plus, it's legal that way!

[DantesPeak]

$this->bbcode_second_pass_quote('threadbear', 'T')hese "crazies" seem to know what they're talking about:


Public Citizen:

Public Citizen advocates a return to better regulated utilities by returning power plants to distributional utilities where states can better protect consumers. And with the repeal of the Public Utility Holding Company Act in President Bush's August 2005 energy bill, electricity companies will be able to more easily merge, undermining the ability of states to effectively regulate these increasingly sprawling companies.

On petroleum markets, Public Citizen testifies before Congress on how record oil company profits are partly due to anti-competitive practices in the industry, and that a windfall profits tax is one equitable method to direct more money to help finance a transition away from a fossil-fuel based economy and towards a sustainable, clean energy future. In addition, Public Citizen advocates the strengthening of energy trading markets in New York where the prices of oil and natural gas are set.

http://www.citizen.org/documents/oilmergers.pdf

And the federal regulatory mechanisms in FERC under a Bush regime, should be renamed "FUCKED" for all the good they do.