calithrower
Re:California Mayors Join Campaign to Buy Out PG&E
on Wednesday November 06, 2019 @03:38AM (#21460703)
> Remember Venezuela was one of the most educated, wealthiest latin countries at the end of the 90's.
Then the price of Oil skyrocketed in the '00s, and the USA began destroying and sanctioning the economy to keep those oil rates high. This is the same reason Iran has sanctions, protecting the USA and OPEC.
Re:California Mayors Join Campaign to Buy Out PG&E
on Wednesday November 06, 2019 @03:34AM (#21460682)
Oakland near the Coliseum is the place to go. Quick appointment times, often same day, and they are way friendlier than the Oak Street branch in SF.
Re:California Mayors Join Campaign to Buy Out PG&E
on Wednesday November 06, 2019 @03:29AM (#21460665)
During the Enron-caused blackouts (of which my father was partially responsible. When working at Perot Systems, he was on the team which build the technology enabling Enron to rob Californians blind ) we lived in Santa Clara. It was nice knowing my power wouldn't go out, which was good because the daily blackouts meant my Mountain View office was closed at least once a week for a month or two.
Re:California Mayors Join Campaign to Buy Out PG&E
on Wednesday November 06, 2019 @03:15AM (#21460609)
"The worst form of capitalism is one which bestows all of the benefit to the private sector while forcing all of the risk on the public sector." -- Adam Smith.
Over the past 50 years PG&E has made a game out of mis-managing the transmission infrastructure, selling it to the state, then buying it back at a discount.
California needs to own the entire utility and not just keep giving it un-warranted subsidies and gifts.
All PG&E executives should be imprisoned for the hundreds of people they have murdered in the past decade between their fires and the San Bruno explosion.
It is never in the best interest of the people to give critical public infrastructure to rent seeking flam-flam artists.