Texas electric bills

What's going on with the high electric billing?

theo wrote: ↑

Mon. Feb. 22, 2021 10:24 am

What's going on with the high electric billing?

So called "alternative energy suppliers" are not at all "alternate suppliers", and they never were, and never will be. They are closer to hedge funds set up by guess who... They buy gamble at a fixed amount of energy "units". Something like futures contracts, or indulgences, or the fantasy of fiat currency, or perhaps carbon tax credits. If it is colder than they expected, the energy contracts they purchased speculated on have ran short, and now they have to enter the local market and buy more "real commodity" at the current going price. But since there isn't any more actually available to be bought, the price of such indulgences suddenly goes to the moon, and they have no choice but to pay moon-shot like prices and then attempt to pass that cost onto their "users". If the users can't, or won't pay it, the casino corporation (hedge fund) finds itself bankrupt.

We saw just about the exact opposite of this about a year ago when the price of crude oil went negative for a day or two, and oil cargo ships were paying to get emptied instead of being paid.

Be very wary of being sucked into a "deal" with a so called "alternative energy supplier". As they say, sometimes you get the bear, but sometimes the bear gets you. Remember when there was no such thing as an alternative energy supplier, and no one ever got caught by the bear?

Gotta love capitalism.

fig wrote: ↑

Mon. Feb. 22, 2021 10:57 am

Gotta love capitalism.

I don't believe capitalism has anything at all to do with it. Capital is real and tangible. Speculative indulgencies by any name one wants to give them are anything but capital. They are at best derivatives of capital.

The power of derivatives:

100 different "players" call 'Bank Of Lil-Repute' and say, I want to short the silver market by 1,000 ounces, and by law I need to have ready access to 1,000 ounces that I don't own just in case I lose my bet and the winner on the opposite end of my bet asks for "physical" delivery as is their right, as opposed to being willing to be paid with fantasy FRN's. The bank knows that only 1 out of roughly every 500 silver indulgencies game "players" ever asks for "physical" delivery, and it has a 1,000 ounce bar of silver in its vault, and effectively unlimited access to FRN'S, so to each caller it says: "Sure thing, I happen to have 1,000 ounces of silver sitting in my vault, and you are even welcome to come in and see it. And for a loan price of 5% of the current going rate of silver I'll let you borrow or 'lease' it so you can sell it short." Then, 100 people on the opposite end of the "short" contracts win and actually ask the shorts for "physical" delivery. But there isn't any silver to be actually delivered for 99 of them. So now 'Bank Of Lil-Repute' has to quickly scramble into the "real world of physical silver market" and try to quickly buy 99 real silver ingots of 1,000 ounces, but every other bank in the USA was also playing the same game to some extent, and suddenly none of them can find physical silver that doesn't actually exist either, whereby to bail out the Lil-Repute bank, LET ALONE THEMSELVES. And the rest is history and collapse on an epic scale... (or of course a bank bailout of epic proportions by "guess who"...)

If the idiotic Reddit players had played silver by just this means and every Reddit player actually asked for "physical" delivery, they might have potentially won the game of burning the shorts, and breaking and collapsing the banks and the entire economy along with them. They had no clue as to how to win the silver game, so instead they lost big time. Of course "guess who" would step in and change the "house" rules, and force those asking to receive physical silver to accept FRN's instead. And it would justify this by proclaiming them to be just as good, if not better. But the Reddit players didn't want physical silver at all to start with, as they knew in advance that only FRN's are real money... Thus their fate was sealed from the onset.

When there are more short sold stocks than the actual total of corporate issued stocks, such as I believe was the case for Gamestop, then you know that banks or brokerages were leasing more shares to the "shorts" than they had in their "vaults" (computer digits). This happens just as for the above, when they apply multiple leases to the very same few real shares, over and over again. For silver simply multiply this scam by factors...

Think of this, and you will potentially begin to understand why the initial "too big to fail" investment bank and brokerage house bail-outs actually occurred.

Then ask yourself how many multiples of leases might exist for the fixed amounts of gold in places such as Fort Knox. And then ask why it never gets audited.

Larry, what's any of that have to do with Texas elec. bills?

freetown fred wrote: ↑

Mon. Feb. 22, 2021 2:09 pm

Larry, what's any of that have to do with Texas elec. bills?

It attempts to explain (or at least equate to) the very real potential for the derivative aspect of the "alternate energy supplier" contracts for NG, electricity, etc... to blow up rather unexpectedly, or even fully expectedly. I don't know how to explain/equate it more simply. I use silver because I (think at least) that I understand its dilemma(s) better than energy.

The only ones getting burned by exorbitant energy bill prices in Texas are those who chose to go with alternative energy providers. Who are really more closely related to energy short sellers or hedge fund providers than they are to true energy providers. The only one providing the real electricity is the one who owns the power plant that is making it.

The real producer/supplier has to factor in sufficient overhead and inventory and resources and production equipment by which to actually provide for the 1 year in ~20 cold spell scenario, and do so every year, at a personal cost, and with foresight and freedom. The alternative energy provider doesn't have to factor in any excess, and can (and does) cut things to the very quick, and thereby make money hand over fist while passing a dribble of "savings" to its member end users. But once about every 20 years or so their game blows up in their face, as it just did. 20 years ago alternative energy providers didn't exist to my knowledge, so watching them blow up and charge end users up to $17,000 a month for energy due to their own speculative failure is something new.

But on top of this (all of my ranting above) "guess who" stepped in and told the real manufacturer/suppliers in Texas that they could not plan for a 40% excess via the application of fossil fuel capacity each year. To do otherwise and have the capacity to produce and deliver 40% excess via fossil fuels would not appear to be "GREEN". Thus the current Texas power outages. Utilities are only quasi-free enterprise at best. They are highly beholden to "guess who" for their very existence. And in this they are not capitalist(s).

Remember when I told everyone that a home only needs to be heated on ~40% more energy than is nominally required once in approximately every 10 (or perhaps 20) years?

So in the end "guess who" is behind both the public utilities and the alternate providers, and is the one that actually bares (or is that bears) responsibility.

I see now in my silver analogy to derivatives that I should have had only 40 of 100 (or 40%) ask for delivery. It would have better fit the 40% excess energy that doesn't exist while people are clamoring for delivery scenario. And, as for silver, the FRN will in the end come to the "rescue". You can paint over any problem this side of death if given sufficient FRN's. And they grow on trees. It's no different than for Covid-19 bail-outs.

The alternative energy suppliers were caught out 'naked' short, and were asking the real providers for delivery of a commodity that didn't exist. It's only when the tide goes out that you can tell who's been swimming naked. But this time, the alternate providers, the actual providers, and "guess who" were all naked (due in big part to "guess who"). And there was no end user who cried that the Emperor has no clothes. Because the end users are a product of the education system provided by "guess who".

Boy did I make a mistake when I suggested that FSC had ran its course and was getting out of bounds. The moderators are free to see all of this, my ranting, to be out of bounds.

I would have just called it greed Same as gas going up now because a couple refineries shut down. Think of what will happen if a large scale NG shortage occurs when the majority of people use it and utilities use it for energy production also. Do they cut off homes or utilities? The Texas stuff is a warning for the future.

Yep this is just a taste of what the powers that control the taps can do.

Only reveled by an accident of nature. That should not have occurred according to their GW b****censored*. So now they cover their butts by claiming it was caused by...yep, GW.....

Kevin

Only graduates of the (guess who) educational system can be conned this badly.