Written by Grant G
Graft (politics), a form of political corruption
There`s something happening here, couldn`t quite put my finger on it, until now, the ramifications are huge, tentacles far reaching and it could also explain the big rush to build Site C dam...Graft, a provincial British Columbia Government that many believe is engaged in graft and kickbacks, ala Quebec style, can you say SNC Lavalin...
If the graft and kickback claims are true?, many people know that British Columbia loses a small fortune on run of river power projects every year, these projects have contracts in place that go out decades and decades, that means we are losing money on these signed contracts for decades, many BC Liberal insiders joined these run of river energy companies.
Political and industry insiders are jumping ship to IPPsBy Sam Cooper
June 7, 2009
B.C. Liberals, Hydro personnel head up independent firms
Are B.C. Liberals and independent power producers too cozy? Consider these facts and figures.
Since Gordon Campbell took power in 2001, IPPs have given his party at least $850,000.
That figure is sure to shoot to more than $1 million when donation records for the May 2009 election are released, says NDP environment critic Shane Simpson.
The Independent Power Producers Association of B.C. says membership jumped from about 20 companies in 2001 to 320 in 2009.
And as the number of IPPs and lucrative B.C. Hydro "energy-purchase agreement" contracts mounts under Campbell's watch, boardroom and staff lists of B.C.'s biggest IPPs increasingly resemble alumni associations of B.C. Liberal and B.C. Hydro grads.
No company has scooped more Liberal insiders than Plutonic Power Corporation, a B.C. run-of-river upstart now partnered with U.S. giant General Electric.
Here are some of the company's executive B.C. Liberal grads: Tom Syer (former deputy chief of staff to Premier Gordon Campbell), Dave Cyr (former aide to Mike de Jong, then Liberal minister of aboriginal relations), Bill Irwin, (former ministry of tourism staffer) and Robert Poore (former executive assistant to then-revenue minister Rick Thorpe).
Plutonic Power Corporation has donated $99,781 to the B.C. Liberals since 2006, including 2009 donations released to The Province by spokesperson Elisha McCallum.
Individuals from Plutonic have also made donations, with CEO Donald McInnes handing at least $30,000 to the Liberals since 2001.
The above information sure looks like graft to me, BC Liberal insiders....No need to wonder why Gordon Campbell inked lucrative contracts, these companies have guaranteed revenue streams going out decades, ....And the main reason why BC Hydro has $7 Billion dollars of debt already hidden in secret deferral accounts...As I was saying, if one believes the BC Liberals have used energy acquisitions and power buying contracts as a means of graft, of awarding friends and insiders, clearly the above information spells it out ...Big Time!
The deals Gordon Campbell signed made no economic sense to the province, those contracts resulted in a whole lot of economic gravy to Gordon Campbell`s BC Liberal friends who joined with these start-up run of river power players, those inked contracts in a sense were a multi-decade long revenue streams, guaranteed money no matter what the energy markets did...Rising energy costs or as is the case for the last decade, falling electricity rates....Many people believed these run of river contracts were nothing but graft, guaranteed monies for decades for friends of Gordon Campbell and BC Liberal insiders..That suggestion and evidence is beyond compelling..
Since BC Hydro was forced to buy this over-priced power, power which by contract BC Hydro is buying high, no fluctuation, the price is the price regardless of the spot market rate of electricity, this is indeed not the free private market the BC Liberals espouse but crony capitalism for friends of Government, in BC`s case, friends of BC Liberals....This scenario playing out also explains why BC Hydro is now a debt ridden company.
And if Site C dam is built, BC Hydro will plunge $20 billion dollars into debt, debt that is back-stopped by you, the ratepayers..
Graft, kickbacks, guaranteed revenue streams for special friends of Government, all back-stopped by British Columbia taxpayers and ratepayers...
Why now the big rush for Site C power, when no need for this power has been proven...Could it be this..
What if something so technically advanced was to come online, efficient, clean, a new technology that would make all other hydro electric generating plants and other electrical power generating sources like natural gas and coal retire into the dustbin for all time.
If that was to happen a Government that engages in graft, kickbacks, money laundering and enriching their special members through inflated decade`s long energy contracts would be on life support..
Is that the reason Site C dam is being pushed forward now?, when no need for this power has been demonstrated, a $15 billion dollar expenditure, British Columbia`s most expensive proposed project, being rammed forward on advice from a graft-ridden government`s cabinet, not one electrical engineer in the bunch, a cabinet that refuses to have the Site C proposal and projected power needs be vetted or looked at by anyone except those in the inner Government circle?
Could this be one last gasp at big time graft through building a large energy project, BC`s most expensive ever, ...We don`t know what the price of Site C dam is going to be....Bill Bennett has publicly stated, and I quote..
"We don`t have a top price estimate for Site C Dam"
In laymen`s terms, skys-the-limits...This project could run to $20 billion dollars, we just don`t know, the BC Liberals don`t know, and if graft is their intent, one last giant blast of graft...It will be big, epic theft.
The plunging price of oil
Back in late summer of 2014 American stock markets were at record highs, the TSX was near record highs, oil was still near the $100 dollar a barrel price.
A story came out in September/2014,
Not a real loud article in terms of exposure but a very important story never the less made the rounds, it was perhaps over the heads of most of the general public, sheep merely travel from field to field grazing on the offerings, not a intelligent thought in the world..
If you look at the price of oil, the steep decline started at or near the same time as the nuclear cold-fusion story was released..
Who would be most interested in cold fusion?, ...knowing that cold fusion would mean this to energy markets..
"An Entire Nation Blacked Out.
There was more evidence of the need for something like LENR last week. 70% of the people of the nation of Venezuela (a country of 28 million people) lost electricity when their power grid went down on Sept. 3. The nation’s president is blaming the outage on sabotage. No matter what caused it the big black out in Venezuela proves that decentralized power generation is needed urgently in today’s world.
No Other Source of Energy will be Needed.
Veteran cold fusion researcher Dr. Edmund Storms formerly of the Los Alamos National Laboratory told interviewer John McGuire that he thinks no other source of energy will be needed once LENR has been perfected. Storms said he thinks the phenomenon is real but the challenge is to commercialize it."
"No other source of energy will be needed once LENR has been perfected" ..
LENR cold fusion would end the need for thermal coal, for natural gas and oil powered electrical generating plants...
What if the too big to fail banks have been shorting oil, getting out of oil, making money on oil all the way down, ..Shorting the oil market while simultaneously hyping up new oil finds around the world, shale oil, tar sand oil, new extraction techniques for attaining this once hard to recover oil..
From what I`ve read, if LENR and ECAT cold fusion electrical generators are real oil will fall by 80% in a blink of an eye..
That story about cold fusion in September/October 2014, if anyone was listening intently it would have been financial institutions..
These big players have more money than god and more access that anyone else, if there was information to be found out, the banks would have found it out first, no doubt trying to figure out how to make money from LENR....While simultaneously decoupling their money from vast energy holdings..
To be clear, even if LENR comes online we the public will still pay for power, the big shift would come from oil barons being paupers and new techno gurus backed by corporations taking over the role of the new power brokers..
This technology would make obsolete run of river electricity, make obsolete big dams, would definitely make the case to cancel Site C dam....And if one is in the business of graft, kickbacks and generational, decade`s long profitable for the few revenue streams, LENR cold-fusion would put the kibosh on that scam too..
There is much much more to this story..
Rossi: American Manufacturer Building and Testing ecats in USA!!
I said there was much more, in another article it is said that the US military has three working LENR cold fusion reactors in their possession...If the US military has purchased three LENR cold fusion units and they work, than the bankers too know this technology works..Thus spurring the big banks to quietly short the oil market..
A Crude LENR Hypothesis
The Commitment of Traders Report reveals interesting data.
For two years now, Sifferkoll has been following the energy markets in relation to a possible LENR (cold fusion) technological breakthrough. The basic idea is that, if there is an information advantage, the big banks will acquire it and use it to make as much money as possible. If such actions can be shown, it is in itself good indications of a proven breakthrough.
And there is money to be made. Not yet from the new technology, but from a plunging energy market (oil, coal, natural gas, etc.). The Commitment of Traders report (CoT) published weekly by CFTC (U.S. Commodity Futures Trading Commission) has been analysed. This report shows the actions and positions of the different market participants in the crude oil futures market. It reveals some interesting data.........
During this time the banks have consistently been using a strategy to buy weakness and sell strength during their massive net-selling. As if their strategy was to build a huge short position and at the same time stabilize price. The conclusion is that the banks are now net-short about 300 thousand contracts at a price.........
What if the first customer of Rossi actually is the US Navy? What if the US Navy know for sure that the 1MW E-cat works (because they have bought several)? What if they actually knew this even before the first public demo of the E-Cat in January 2011? Since the test was decided upon sometime during the fall of 2010 and Rossi himself says he had run a heater in a Bologna factory during a year before that, it looks reasonable. So let’s assume that this is the case.
It is certainly in the big banks interest to know about these things, and they do have the resources to find out, and keep quiet about it. It is also well known that US entities like SPAWAR and NASA have researched LENR for some time. There are documents that show that they acknowledge the technology and have done so for some time. However, so far, not on the industrial scale of the 1 MW E-cat.
Since US entities acknowledge LENR, they did what was needed to verify the E-cat when they heard about it. Because even if they thought the E-cat was a scam, they could not afford not to check on it. Even a minute chance that Rossi was on to something would cover the expense and risk. The money involved are simply too big for a miss like that.
Also, if US military entities know, then the big banks know, and at least the producers where the big banks have big interests know. Anyhow, they certainly know by now if the first customer is the US Navy, as Rossi (almost) says, and nobody denies.
The thirty billion dollar question is how to make as much money as possible from this information.
First they probably thought that the E-Cat demo could get the price of oil to drop already in the beginning of 2011. They certainly was prepared for it by February 2011, as the aggregated net-short position of big banks and producers was in excess of 300 thousand contracts already at that time. But the price went up, since media did not catch on and other issues (like the war in Libya) were much more important for the oil market at the moment.
When the plunge didn't happen a new strategy evolved. The producers then started to liquidate their short positions in a very consistent way. This short position have been taken over by the banks probably in cooperation and as a risk reducing strategy, although not as consistently, since they've been trading against the market most of the time, buying weakness, selling strength.
By the time of the 1MW demo they probably had Rossi more under control as they simply became the first and only customer for all the 1 MW E-Cats he could produce during the coming 18 months. They played the game the way Rossi wanted it (as his goal is mainly to sell the E-Cats he produce). And since very few people take Rossi seriously there was no problem keeping the news out of media and off the Internet (except for some dedicated sparsely visited sites).
So. What if the banks know about LENR and they are preparing for the oil price to plunge. It would make some kind of sense looking at their actions. It's reasonable to expect that when the possibilities of LENR becomes widely known by the public, that will be the case. It might drop by 80%, or to the production costs of the easy access reserves. New explorations will be abandoned, shale oil & gas, deepwater oil and oil sands will be abandoned, other green technologies, like biofuels, solar and wind, will also be abandoned, etc. The long term growth potential of the oil industry will vanish in a day. Actually, we already see signs of this development as several large oil fields are up for sale or already sold. There is a widespread divestment strategy among big oil (Shell, BP 1, BP 2, Exxon, ConocoPhillips, etc.)
If this happens oil stocks will plunge as well, since their stock price reflects many years of potential growth and huge profits, which will evaporate within 10 years. The hedge that they used to have, will then be of limited use, since the stocks will fall for other reasons anyway. The strategy is probably to let the banks profit from the price movements directly instead. The managements of big oil are probably an important part of the deal, since they will, of course, benefit personally. But the oil business, as the most profitable business in the world, will be history. Big oil will simply merge with big banks in the form of big cash, but only after the oil stocks have crashed.
Yes, I know the above is rather a dry read but very important never-the-less, what appears to be happening is the LENR and ECAT technology can no longer be contained, I believe that the too big to fail banks expected a slower sell off of oil, a slower fall in oil prices ....However..
Andrea Rossi`s LENR technology has been reproduced, replicated by the Russians..
So now there is a race to make this nuclear cold fusion technology mainstream, make it more large-scale commercial..
I have the PDF of the Russian claim of replicating Rossi`s LENR cold fusion reactor...
Unless you can read Russian or use Google translator..
I`ll translate a little bit of it..It`s all very technical....The Russian PDF file...I have translated the first and last page...
The study analogue
heat generator Rossi
Parkhomov Alexander G.
Paper presented at the seminar
"Cold fusion and Fireballs"
in the People's Friendship University
December 25, 2014
At temperatures of 1150
C and 1200
With the heat of the reactor
greatly exceeds the energy consumed. During his time at
These conditions (90 minutes) of electricity consumed in excess
produced about 3 MJ or 0.83 kW
hour of energy.
Calculations made for three modes of operation with a temperature of about 1000
C and 1200
Experiments with analogue
high-temperature heat source
Rossi, loaded with a mixture of nickel and
lithium aluminum hydride, showed that
temperatures of about 1100
C or higher
This device does produce
more energy than it consumes
In another article the Russian professor`s claims seem to have been verified..
A Russian physicist named Alexander G. Parkhomov had a very nasty Christmas surprise for Andrea Rossi this year. On December 25, Parkhomov published a report in which he claims to have replicated Andrea Rossi’s hot e-cat low energy nuclear reaction (LENR) technology.
It’s hard to judge the validity of this because the report is published in Russian. The E-cat world website site claims that Parkhomov used the data about ecat contained in the report of the Lugano e-cat test earlier this year. Parkhomov built a closed metal vessel that apparently uses a nickel hydrogen reaction similar to Rossi’s to heat water to the point of vaporization. It that’s true it means the device could operate a steam engine or turbine.