Tag Archives: traders

The Smartest Guys in the Room

DOES THE “SMART GRID” HAVE THE SMARTEST GUYS IN THE ROOM PROBLEM?

by Ken Maize, MasterResource.org
June 19, 2009

However politically incorrect my conclusion, I’m convinced that the “smart grid” is not smart and even dumb. It diverts attention from what is a more important objective–a strong grid. And it politicizes in the very area where we need more consumer-driven, free-market incentives.

Following the Northeast grid collapse of 2003, the Electric Power Research Institute (EPRI) popped out the smart grid concept, largely the brainchild of then EPRI’s CEO Kurt Yeager. The blueprint was for an interconnected intelligent network reaching from the generating station to your toaster, able to talk up-and-down the line, matching supply and demand seamlessly.

Sounds cool, but doesn’t stand up to analysis in my judgment.

Where Did ‘Smart Grid’ Come From?

The idea of a smart grid has been laying around in bits and pieces for many years. I recall visiting Southern California Edison (SEC) in the 1980s where a group of us energy reporters visited the utility’s “smart house.” It kinda reminded me of the Betty Furness advertisements for Westinghouse kitchens when I grew up in Pittsburgh in the 1950s and 1960s. SCE assured us that the smart house, connected to the utility over phone lines (this was pre-World Wide Web) and through radio signals, would dominate home construction in the coming years. (Enron would have a ‘smart house’ a decade later to awe visitors to 1400 Smith Street in Houston, but that’s another story.)

Continue reading

People are ‘fed’ up!

ACROSS THE COUNTRY MANY PEOPLE HAVE ACKNOWLEDGED THAT OUR COUNTRY “HAS BEEN LOOTED” BY THE FEDERAL RESERVE, WALL STREET AND THEIR PALS IN WASHINGTON!

There are many now recognizing that Washington can’t be fixed. The Executive Branch has been under the control of both the banksters and Wall Street for a very long time. Congress has been bought by 1) AIPAC and other 2) special corporate and banking interests.

An Open Letter to Wall Street
October 4, 2011
William Rivers Pitt, Truthout OpEd

Protesters, some dressed as zombies, walk the streets as part of the Occupy Wall Street protests, which began three weeks ago, in New York. (Photo: Damon Winter)

Before anything else, I would like to apologize for the mess outside your office. It’s been three weeks since all those hippies and punk-rockers and students and union members and working mothers and single fathers and airline pilots and teachers and retail workers and military service members and foreclosure victims decided to camp out on your turf, and I’m sure it has been quite an inconvenience for you. How is a person supposed to spend their massive, virtually untaxed bonus money on a double latte and an eight-ball with all that rabble clogging the sidewalks, right?

Your friends at JP Morgan Chase just donated $4.6 million to the New York City Police Foundation, the largest donation ever given to the NYPD. You’d think that much cheese would buy a little crowd control, but no. Sure, one of the “white shirt” commanding NYPD officers on the scene hosed down some defenseless women with pepper spray the other day, and a few other protesters have been roughed up here and there, and having any kind of recording device has proven to be grounds for immediate arrest, but seriously…for $4.6 million, you’d think the cops would oblige you by bulldozing these troublemakers right into the Hudson River. Better yet, pave them over with yellow bricks, so you can walk over them every day on your way in to work. Continue reading