Tuesday, May 29, 2012

Enron Conspiracy: Other Fake Energy Crisis's, stock market manipulation is hazardous to your health

Enron Trader Pleads Guilty To Conspiracy - New York Times:

'via Blog this'
"Mr. Belden's plea established for the first time that traders engaged in crimes to take advantage of the energy crisis that began in California in 2000, worsening an already bleak situation for the state's consumers. The possibility of such criminal activity has long been suggested by politicians in the state, including Gov. Gray Davis, who said the plea vindicated his stance. The plea also prompted calls for reimbursement and greater regulatory scrutiny."
http://www.intellectualtakeout.org/library/articles-commentary-blog/fake-energy-crisis "fear that we’re running out of oil or some other key resource is a steady feature of the worrying class." Roberts then condemns the moaning and groaning of the pundits, opining that "the worriers are trying to exploit the recent spike in gasoline prices to push public policy in directions that won’t happen otherwise."



Drought, delays in approval of new power plants,[4] and market manipulation decreased supply. This caused 800% increase in wholesale prices from April 2000 to December 2000.[5] In addition, rolling blackoutsadversely affected many businesses dependent upon a reliable supply of electricity, and inconvenienced a large number of retail consumers.

(Don't forget: This fake crisis killed people)




Oil production in the United States peaked in 1970, and since then industry analysts have been debating just how long global oil reserves will be able to meet the growing demand. Some analysts believe that global production is reaching its peak right now. You can read about the facts and figures regarding global oil reserves in many articles such as this, but the truth is that no one really knows how much oil is left that can be feasibly extracted. OPEC producers keep it a big secret, as they don’t want to disclose how much oil they have found or think they will find. Some people think that the world is rapidly reaching the point where the growth in new supplies of oil cannot keep up with the the pace of oil depletion. Officials in the oil industry agree that the days of major new finds of cheap oil in well explored countries such as the US are over. There is still plenty of oil, but it is getting ever harder to find.




Without a doubt, we need to figure out what happened at the BP well site. We need to evaluate all the costs of the spill and make sure we aren’t moving ahead of the technology as we drill deeper. But the deep wells aren’t a sign if imminent exhaustion of petroleum and they are even less an argument for the higher electricity prices we will see if we force a switch to unreliable solar and wind power.



Almost since the dawn of the oil age, people have worried about the
taps running dry. So far, the worrywarts have been wrong. Oil men from
John D. Rockefeller to T. Boone Pickens always manage to find new
gushers.

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